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

Jan. 24, 2014 4:42 PM ETWalmart Inc. (WMT) StockWMTBy: Eric Jhonsa, SA News Editor2 Comments
  • Dow Jones reports Wal-Mart (NYSE: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.

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