Dow Jones: Wal-Mart laying off 2.3K Sam's Club employees

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Dow Jones reports Wal-Mart (WMT) is laying off 2.3K Sam's Club employees, or 2% of the division's workforce. The cuts amount to a small fraction of Wal-Mart's company-wide workforce of 2.2M.

Sam's Club sales rose just 1.1% Y/Y in the October quarter. The business accounted for 12% of Wal-Mart's total revenue.