Sam’s Club Will Layoff About 2,300 Employees

It's the latest retail chain to announce big layoffs this month

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Sam’s Club, the membership-only warehouse unit owned by Walmart, is laying off about 2,300 employees in its largest wave of job cuts in four years, the Wall Street Journal reports. It is one of several retail chains to announce steep job cuts in January.

The layoffs come amid an effort to compete with rival Costco and online competition like Amazon, which has its own club-like service called Amazon Prime. Assistant managers will comprise nearly half the layoffs as the unit looks to slim down its managerial staff.

Sam’s Club joins a a growing list of major retailers announcing job cuts this year. JC Penney said last week it will close 33 stores and cut 2,000 employees, and Macy’s announced earlier in the month that it would layoff 2,500 workers. Target is also laying off 475 workers and has eliminated 700 vacant positions over the last six months.

[Wall Street Journal]

17 comments
FredFlintsone
FredFlintsone

While retailers may be "struggling" keeping in mind holiday retail sales were actually up yr per yr by .2% online sales came in at +16% yr over yr. Its called AMZN, Bezos and co just obliterate any space they walk into

hevrgo2409
hevrgo2409

I have an obvious

 idea how to increase sales at Sam's Club

............STOP CHARGING CUSTOMERS AN ENROLLMENT FEE TO ENTER THE STORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! INSTEAD, SHAKE THEIR HAND AND SAY THANK YOU WHEN THEY BUY SOMETHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



JasonKrueger
JasonKrueger

Ronald Reagan busted the unions and it has been a country owned by big business every since...

JasonKrueger
JasonKrueger

Downsizing and outsourcing has been the theme for 30 years...  

riverwoman
riverwoman

Maybe it's because the CEO of Sam's Club makes over one million a year and the CEO of Costco makes a couple of hundred thousand. Also Cost Co has a tremendously better meat counter.

nancy1
nancy1

They're getting ready for obamacare but obama will blame it on the Tea Party.

cdblnr
cdblnr

Because........................ under Obama the economy is so good, all the poor people are shopping at Sachs and Nordstrom, and stay away from the bargain stores.

curtisgarcia66
curtisgarcia66

Just as well. I don't plan to renew my membership next year anyway. I had gotten some 'assurances' from management about 6 months ago that were never fulfilled.

absurdbuttrue
absurdbuttrue

More "change you can believe in!"  Thank an Obama supporter if you can find one who will admit it!

Lepapa
Lepapa

I have known a lot of good people taking it on the chin for the good of the corporation. I am cancelling my Sams club membership!

Roperipe
Roperipe

Layoff is a noun. When used as a verb (as the headline intends), it's two words: lay off.

FredFlintsone
FredFlintsone

@nancy1 With 30 million new customers coming online and no cost controls for new and improved policies health care industry won't mind thats for sure. Its called follow the money. Equal opportunity bunch, they work with red, blue and tea. Rest is for viewers and voters