Walmart layoff 7,000 jobs and promises to relocate workers read more at here www.spinonews.com/index.php/item/780-walmart-layoff-7-000-jobs-and-promises-to-relocate-workers

The retail giant Walmart have employs count about 2.3 million workers worldwide that the cuts affect accounting and invoice jobs in its U.S. stores. The company said affected employees will have the option to work in another role at Walmart.

Walmart said some people may have the opportunity to transition into higher paying roles like assistant store managers while other roles may pay less than their current salaries.

The transitioning process is expected to extend into 2017. The positions are being cut because Walmart is implementing a modernized system for bookkeeping and tracking inventory.

 New roles have opened up the pickup service Walmart launched last year, and CEO Douglas McMillion's focus on bettering customer service by putting more employees on the floor of its stores.

Walmart already cut some back office jobs at 500 stores in June in what Barnett called a pilot program to test out the transitioning process, and the company was "very happy" with the results.

Walmart could not immediately provide data about how many of those workers stayed with the company or took roles that paid more or less than their prior position.

In Walmart's most recent earnings report earlier this month, the company reported that those moves have paid off.

 

It beat analysts' expectations by posting U.S. sales that grew by 3% from the same quarter last year, and earnings per share rose by 12%.