Walmart Laying Off Thousands After Announcing Bonuses

By Sahid Fawaz

Sam’s Club employees are getting a bitter beginning to 2018 as they find themselves on the streets.

Business Insider reports:

“Walmart is closing 63 Sam’s Club stores across the US, the company told Business Insider.

Several stores were abruptly closed Thursday. In some cases, employees were not informed of the closures prior to showing up to work on Thursday.

Instead, they learned that their store would be closing when they found the store’s doors locked and a notice announcing the closure, according to reports.

Ten of the affected stores will be turned into ecommerce distribution centers, and employees of those stores will have the opportunity to reapply for positions at those locations, a Walmart official said.

The remaining stores will stay open for several weeks before closing permanently. All of the affected stores were scrubbed from Sam’s Club’s website Thursday morning.

Sam’s Club offered an explanation for the closures on Twitter, saying, ‘After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition.’

orough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition.

The closures come on the same day that Walmart announced it was raising starting hourly wages to $11, expanding employee benefits, and offering workers bonuses of up to $1,000.”

For the rest of the story, check out Business Insider here.

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