The Wall Street Journal is reporting that the nation's largest retailer plans to eliminate more than 1,000 corporate jobs. According the the WSJ report, the layoffs, expected to be completed by Jan. 31, 2019, will focus largely on employees in its corporate headquarters. AdvertisementThis development comes one day after Walmart announced it will pay store employees a higher starting wage, and that 63 Sam's Club stores across the nation will be closed. In a separate report, Bloomberg says the retailer plans to shake up its management workforce, removing about 3,500 store co-managers and adding 1,700 lower-paid assistant store managers. A number of news and industry publications also published the Wall Street Journal report regarding corporate job cuts.

Source: Wall Street Journal January 13, 2018 04:52 UTC