Wal-Mart cuts 300 home-office jobs in latest reorganization

Bentonville, Ark. Wal-Mart Stores is cutting 300 jobs at its corporate headquarters as CEO Mike Duke continues to search for ways to cut costs and make the chain retailer even more efficient.

In a memo sent to employees, Duke said managers were asked to look for opportunities to eliminate duplication and reduce costs when deciding which jobs to cut. The jobs are mainly being eliminated in its corporate support areas, including legal, finance, information systems and human resources.

In the memo, Duke signaled the latest round of job cuts may be the last ones to be announced for a while.

"With this last major strategic piece in place, we are beginning our new fiscal year with every part of our business focused on being even more responsive to our customers," he stated.

Wal-Mart currently has 12,000 employees at its home office.