Walmart lays off 700 employees
About an hour ago, we started seeing online chatter that Walmart was laying off a ton of employees today. It wasn’t long before a Twitter hash started turning up a breaking story over at nwaonline.net entitled Layoffs Begin At Wal-Mart.
According to the story, the layoffs began as early as 8:30am in the Walmart home offices where groups of people were brought into meetings and told that they were among about 700 employees being laid off.
UPDATE: Arkansas Business is reporting a potential of 1,400 layoffs total.
For more: [NWAonline, Twitter, Arkansas Business, 4029]
Comments
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Johnathan
February 10, 2009
Major props to Greg Leding for breaking this story on Twitter this morning. If you use Twitter, I definitely recommend you follow him. http://twitter.com/g
Tim
February 10, 2009
This is huge.
Scott Stapp of Creed
February 10, 2009
Props on the graphic. That’s putting the new Walmart chocolate starfish to good use.
Beebs
February 10, 2009
Thanks to SG I will read that as “Seven Cat Butt Cat Butt” employees were laid off. I wish all Walmart employees luck today. That’s rough.
Johnathan
February 10, 2009
Reuters is on it: http://is.gd/j4jh
Total Bastard
February 10, 2009
Hopefully this economy will lead to some really angsty music.
Here’s to a revival of real grunge, minus the candy-ass corporate **** that took hold from ‘94-Creed.
Mudwhistle
February 10, 2009
soo 700 people nationwide is suddenly a huge deal? thats dropping like, 1 boxboy per county, oh noes, that 17yr old who was probably stoned and sleeping on the job anyways wont be able to buy more bud! the humanity!!!!
stacy
February 10, 2009
thats 700 from the home office the way I understand it. Not from the stores.
Johnathan
February 10, 2009
@Mudwhistle that’s 700+ LOCAL people without jobs. Those are our friends and family here in NW Arkansas. That is a big deal.
Seth Gunderson
February 10, 2009
This is horrible news. Wal-Mart was one of the few stores still doing well during the recession. Or, so we thought. It’ll probably get worse before it gets better. Oh, and sorry Beebs!
lankford
February 10, 2009
Welcome to the world of unemployment, my fellow statistics. :(
brains
February 10, 2009
Here is the memo that was sent out from the new Wal-Mart President and CEO Mike Duke. It was just published in Arkansas Business
http://www.arkansasbusiness.com/article.aspx?zone=AB_DailyReport_Tuesday&lID=&sID=&ms=&cID=Z&aID=112313.54928.124439
elco
February 10, 2009
Yeah. It’s from places like marketing, real estate, etc. Severance packages, but even managers and some VPs in the departments were sacked. I work in the finance area, so I lucked out, but it was seriously a strained and depressing day. even some of the management who want to stay on have to apply to work at the NYC office if they want the same position. Craziness.
a. brown
February 11, 2009
It sucks when anyone loses a job (ok, maybe not Bush), and it still sucks if the job was crappy to begin with.
sofresh-n-sogay
February 11, 2009
it sucks that corporate is greedy, that 4% profit just isn’t enough for them, even when everyone else is tanking. Good peoples lost jobs.
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