Walmart plans to cut more than 1,000 corporate jobs

Fox Business / WSJ ^ | 2018 January 12 | Dow Jones Newswires

[CutePuppy]

A day after promising to give its store workers raises and bonuses, Wal-Mart Stores Inc. (NYSE:WMT) is preparing to hand out pink slips at its headquarters.

The giant retailer, which is based in Bentonville, Ark., and employs more than 1.5 million people in the U.S., plans to cut more than 1,000 corporate jobs ..... < snip >

..... The job cuts are expected to be broad based, focused on workers primarily at the company's headquarters ..... < snip >

[DoodleDawg]

Cutting administrative bloat is a good thing. If these are those kinda cuts, good for Wally.

The work doesn't go away, just the headcount.

[DoodleDawg]

I suppose you'd prefer a tax increase under the lunatic and very Democrat belief that this would unleash a tsunami of pay raises and new jobs.

Not at all. But I would have preferred that the GOP didn't sell it with the BS on being a job creator/wage raiser.

[mewzilla]

Dude, ever worked for a big corporation? There's always administrative bloat. If the cutting is done right, the work will still get done, just more efficiently and at less expense.

[Thibodeaux]

The administrative cuts will likely be of those near retirement and will get a buy out. Also included will be the alcoholics.

This is a standard practice that needs to be implemented every 10 years or so

[Malsua]

everything I’ve been buying have been established known brands for decades.

I think the problem here is that you've conflated a brand name with a country of manufacture.

Memory cards were made in Asia, including China, Korea or Taiwan. The Roku was made or assembled in China and JBL speakers were manufactured in China.

Even many things that are labeled "Made in the USA" often have foreign sourced parts.

[Does so]

Not so long ago, the US Army was criticized for buying military uniform parts from China. Was it green berets?

BTW: Amazon is no better.

[trebb]

They have cornered a lot of areas and can thin out the less productive stores in some areas to make the remaining stores even more profitable...

[Flash Bazbeaux]

“everything I’ve been buying have been established known brands for decades.”

The name of the brand has little or nothing to do with where the product is manufactured.

[ican'tbelieveit]

I am with Pittsburgh here. Nearly everything I buy from Walmart is US/Canada manufactured. Very little that I bring home from there is made in China, etc.

For those things that I do bring home from China, no one else selling those products are buying them from anywhere else because they aren’t made anywhere else.

This “Walmart only sells China stuff is BS”. They act like there is some miraculous store you can go into that sells the same products Walmart sells but that are manufactured in the US. Just isn’t happening.

So sad to see such silly envy on FR.

[digger48]

There’s also a lot of things there that are the same American made product that other vendors carry, but at a far lower price.

For instance, a huge “family size” box of Rice Chex is $3.99 at Walmart.

The smallest box they have at Krogers is far more than that

[impactplayer]

I once worked for a large corp. We learned that “overhead” has a natural tendency to grow - all of the time. We needed about a 10% cut in overhead every 5 years or so just to stay competitive. If only our government new this . . .

[fulltlt]

I take it you don’t have a factory job that pays minimum wage here in the good ole US of A. Would you pay double or triple for something of equal quality to have it stamped made in USA? Made in China is not something most shoppers care about these days. They want value for the dollar spent no matter where it’s made. There are better ways to MAGA than having more minimum wage factory jobs. Even at that goods produced by our minimum wage labor will never be competitive with cheap foreign labor. Time to get over it.

[PittsburghAfterDark]

That’s fine but if JBL, Roku, SanDisk and HP are making their stuff in China that’s not their fault.

One thing I have noticed this year is almost all Nike and athletic wear is being made in Vietnam.

You can blame Wal Mart for making their in store brands there but it’s unfair to pin 1,000 companies that do so on them.

Hey I don’t like it but I think the biggest thing is as a country we failed to notice the change from made in Japan, to China to Vietnam.

That is not Wal Mart’s fault.

[lodi90]

I take it you don’t have a factory job that pays minimum wage here in the good ole US of A. Would you pay double or triple for something of equal quality to have it stamped made in USA? Made in China is not something most shoppers care about these days. They want value for the dollar spent no matter where it’s made. There are better ways to MAGA than having more minimum wage factory jobs. Even at that goods produced by our minimum wage labor will never be competitive with cheap foreign labor. Time to get over it.

---

I was looking at a newspaper from the 1980’s recently. They was an advertisement for standard lawn mowers for well over $200. That pencils out to around $500 in 2018 dollars. They looked like a made in china mower that you can get for for $100-$150 these days. I don’t think people realize how expensive everything would be if all consumer goods were made here.

[Keyhopper]

I remodeled 3 Walmarts.
The only thing in the store not made in China
Was the people that worked there