Wal-Mart’s Cuts 2,300 Jobs at Sam’s Club

Wal-Mart Stores Inc said it cut roughly 2 percent of total employees, or about 2,300 jobs, at its Sam’s Club retail warehouse chain on Friday, its biggest round of layoffs since 2010.

The action comes on the heels of a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy’s Inc, J.C. Penney Co Inc and Target Corp.

In a review of operations that began before the holiday season, Sam’s Club found that its workforce was the same size, regardless of the revenue reaped by the business, company spokesman Bill Durling said in a telephone interview.

The cuts will include hourly and middle management positions.

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