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Report: Walmart to cut hundreds of jobs


Wal-Mart Stores is reportedly planning a major round of job layoffs by the end of this month.

The retailer will eliminate positions at its headquarters and among regional personnel that support stores, the Wall Street Journal reported.

"As we've previously shared, we are always looking for ways to operate more efficiently and effectively,” Wal-Mart said in a statement to CNBC. “While we continually look at our corporate structure, we have not made any announcements."

In September, the discounter said it was eliminating about 7,000 back-office jobs, mostly in accounting and invoicing positions at its U.S. stores, as part of a program it announced earlier in the year.

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