According to the retailer, which is also the largest U.S. private sector employer, the move affects a “small number of stores” that were “significantly” over-scheduling workers. The company didn’t provide more specific information but stressed that the cuts wouldn’t hurt its efforts to improve customer service, which has long been a weakness.
CEO Doug McMillon is under pressure from Wall Street to breathe new life into Walmart’s U.S. operations, which have lost ground in recent years to a plethora of competitors ranging from TJX, the parent company of TJ Maxx, to Amazon and the dollar stores.
Find out more at CBS Money Watch.
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