Sam's Club lays off about 2% of its workforce: WSJ

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Wal-Mart Stores plans to lay off 2,300 workers at its Sam's Club stores, about 2 percent of its 116,000 U.S. employees, The Wall Street Journal reported on Friday.

About half of the cuts will target salaried assistant managers, and the remainder will be hourly employees at underperforming stores. As of now, the chain has the same number of management positions in every location, regardless of the amount revenue it generates.

"Over the years, we've migrated to a top-heavy structure in our management," Sam's Club CEO Rosalind Brewer told WSJ. "What this does is align the number of assistant managers to the sales of the club and to where our growth areas are."

The company has invited the employees to look for other jobs within the company and will offer severance packages to those who aren't placed by March.

Click here to read the full report from The Wall Street Journal.