Walmart layoffs at home office to cost up to 499 their jobs - KAIT Jonesboro, AR - Region 8 News, weather, sports

Walmart layoffs at home office to cost up to 499 their jobs

(Source: KAIT-TV) (Source: KAIT-TV)

BENTONVILLE, Ark. (AP) - Walmart, the world's largest retailer, is laying off workers at its Arkansas headquarters this week.

The company is trimming jobs in its global business, finance, human resources, merchandise, real estate and technology divisions.

Bentonville Mayor Bob McCaslin's office said Thursday that there would be fewer than 500 total job losses at Walmart's home office.

Walmart spokesman Randy Hargrove says the company is "restructuring and streamlining" its teams before its fiscal year ends next Wednesday.

Some workers in the marketing division were laid off Wednesday and Hargrove says there will be a small number of layoffs Friday if the cuts aren't completed Thursday.

The company will pay dismissed workers up to 60 days' pay and help them find new jobs. Hargrove says eligible employees will also still receive their fiscal year-end bonus.

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