Wal-Mart to Cut Thousands of Store-Management Roles
- About 3,500 U.S. store co-managers affected by reshuffle
- Retailer adding 1,700 new assistant store-manager positions
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A day after embarking on a pay hike, Wal-Mart Stores Inc. is taking steps to shake up management at thousands of its stores.
The world’s biggest retailer is removing about 3,500 store co-managers, a salaried role that acts as a lieutenant underneath each store manager, according to people familiar with the move. It’s also adding about 1,700 assistant store managers, a slightly lower-paid role, who will oversee fast-growing areas like online orders, one of the people said.