A year after Walmart increased store employee wages, they are cutting back-office jobs in order to fund those newly raised wages. A company with very low operating margins (3%) does not have the ability to raise costs and prices without hurting their customers, who are predominantly low-income customers.
Walmart will continue to get leaner, according to reports.
Read Full Story: Walmart Set to Give Pink Slips to 7,000 Workers? – TheStreet