business news in context, analysis with attitude

• The Wall Street Journal reports that Walmart "plans to cut thousands of back-office positions around the country, a sign that the retailer’s effort to make its cavernous stores more efficient is also changing the face of its workforce." The goal is to eliminate "about 7,000 store accounting and invoicing positions over the next several months. The jobs are mostly held by long-term employees, often some of the highest paid hourly workers in stores. The retailer wants those employees working with shoppers, not in backrooms, say company executives."

The story goes on to say that "the back-office cuts to Wal-Mart’s 4,600 U.S. stores is a sign that retail workers - one of the largest employee cohorts in America - face big changes as their employers spend heavily to compete with Inc. and grab foot traffic from other chains."
KC's View: