Big Lay-Offs at WalMart

[TomSlick]

I couldn't find where this had been posted before.

After trumpeting pay raises for low level "Associates" as a result of the GOP tax-cuts, WalMart is in the second day of lay-offs at the corporate headquarters in Arkansas. There is no prior warning be given, employees show up for work wondering if they will be on today's hit list. The word on the street is that there will be another round of firings tomorrow.

[link:http://www.arkansasonline.com/news/2018/jan/25/more-jobs-cut-wal-marts-headquarters-arkansas/|

[sinkingfeeling]

1. Yep, they started laying off Home Office people today.

[BigmanPigman]

2. Tons of stores are laying people off and closing.

It is a sign of the times. Any minuscule tax refunds are meaningless. Tell this to the Fucking Moron's cult/base though and you will see they are brainwashed or just too lazy or dumb to do the actual math. Once all the other additions costs and price increases that they will have to pay now in healthcare, etc., are added up they will be in the LOSS, not GAIN, column.

[TomSlick]

3. Is there a trend here?

Do these major retailers know (or suspect) something about the economy the rest of us do not?

[TheDebbieDee]

11. These major retailers know that they can cut their overhead TREMENDOUSLY

if they close down most of their brick-n-mortar stores and set up Amazon-like fulfillment centers... Walmart has been holding back on this transition since the mid-90s (I can't prove this - it's speculation on my part)

I read that Target will be setting up their own shop-online system this spring...

But none of these retailers seem to have considered the fact that their employees spend a good chunk of their wages buying goods from their companies - will Walmart and Target and other retailers be decimating their sales as they lay-off workers to transition to on-line marketplace?

[jmowreader]

4. Did Trump's tax bill remove "employee compensation" as an allowable business deduction?

[TomSlick]

6. No. That would be bad for businesses.

The purpose of the tax bill was to help the business bottom line.

[jmowreader]

9. I know it would have been bad for businesses...

...but there's got to be some reason why every big corporation in America decided to order a skid of pink paper the day after Trump's tiny hand signed the tax cut.

[smirkymonkey]

5. This is just too cruel.

They don't even have enough respect for people to give them notice, when of course they require notice for resignations. It's just evil. Especially since the owners of the company are obscenely rich. This just nauseates me.

[TomSlick]

7. It's worse than that.

Employees know heads will roll, they just don't know whose head. They are living in dread from day to day that tomorrow will be their turn to be fired.

[Skittles]

12. I have been living under that culture in IT for two decades

[smirkymonkey]

13. I'm really sorry to hear that. Nobody should have to live with that kind of stress.

This has just gotten completely out of control. Working people are under enormous amounts of stress and have no control over their lives. It just isn't right. There has to be something we can do about it.

[dixiegrrrrl]

14. It's called "right to work" law

which of course means the opposite for employees. Very popular in the South. Employees can be laid off/ fired for no reason, with no warning.

[smirkymonkey]

15. Of course. Works for employers. Not for employees.

It fucking sucks.

[cwydro]

8. I was in the local Walmart the other day.

Noticed they’ve permanently closed the “hair salon.”

[Dawson Leery]

10. ....and Pfizer is pulling back on research to give

out dividends.

The horrors of Reaganomics is in full force.