News Update: Sam's Club to Cut 10,000 Jobs (NYSE:WMT)

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Uploaded by on Jan 25, 2010

Wal-Mart's (NYSE:WMT) warehouse retail chain, Sam's Club, announced Sunday that it is cutting 10,000 jobs. According to an internal memo from Sam's CEO Brian Cornell, most of the cuts will be part-time positions in the firm's product-sampling department. Earlier this month Sam's warned it may be forced to shutter 10 stores that were losing money, affecting about 1,500 employees.

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