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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.