Wal-Mart is reducing its staff at its Arkansas headquarters by 700 to 800 people, out of 14,000. The employees laid off will be sold out of a giant bin, at rock-bottom prices.
The bad news is that employees being laid off will get no severance package. The good news is they get to keep their Sam’s Club membership.
The company says the layoffs are necessary because its financial plan for the year was flawed, probably due to the fact that it was cheaply manufactured by under-age, third-world labor.
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