Walmart cutting 7,000 jobs

Walmart is eliminating about 7,000 back-office positions at its U.S. stores, with the majority of the cuts in the accounting and invoicing areas.



The move, which was first reported by The Wall Street Journal, follows a test earlier this summer at 500 stores in the West to cut three administrative accounting and invoicing jobs at each store.



The 7,000 positions being eliminated involve counting cash or managing invoices for suppliers. Invoicing will be handled by a central office at Walmart’s headquarters, and money will be counted at each store by a “cash recycler” machine, according to a report by Fortune.



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