Walmart has announced that it cut 2,300 jobs, or roughly 2% percent of the total workforce at its Sam’s Club retail warehouse chain, the largest round of layoffs the company has experienced since 2010.
According to Bill Durling, a Wal-Mart company spokesman, the cuts will include hourly workers and assistant manager positions.
“We’re trying to rebalance our resources,” Durling said.
Affected employees who are unable to find new positions at Sam’s Club or Walmart will be eligible for severance, Durling said.
The Sam’s Club layoffs come after a flat U.S. holiday season. Wal-Mart is scheduled to report results from its holiday quarter on February 20.
Wal-Mart is not the only retailer that has had layoffs following the fourth quarter. Other recent layoff announcements from U.S. retailers include Macy’s Inc., J.C. Penney Co. Inc. and Target Corp.
Macy’s said it plans to cut 2,500 jobs, or 1.4% of its U.S. workforce, but it said it expects to add positions for its growing online business, leaving overall staffing levels unchanged at about 175,000.
J.C. Penney said it is planning to close 33 stores, which would eliminate 2,000 jobs, as part of its efforts to return to profitability. Target is planning to cut 475 jobs at its headquarters and other offices in Minnesota and will not fill 700 open positions worldwide.