Retail giant Wal-Mart Stores Inc. (WMT) plans to cut 11,200 jobs at its Sam's Club stores, according to the media reports on Sunday.
According to the media sources, the company terminated about 10,000 workers from the demonstration department, and another 1,200 staffers in its new business membership representative positions.
The Bentonville, Arkansas-based company's current employees, who are affected, will have the opportunity to apply for new positions with Shopper Events, the reports said.
Earlier this month, Wal-Mart decided to close ten "financially underperforming" Sam's Club locations in the U.S. and lay off about 1,500 workers. The company said that the decision to close the stores was made after reviewing the company's current business performance and as the stores continued to lose money.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.