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Walmart cuts 7,000 jobs, promises to relocate workers

What's driving Walmart's sales?

Walmart said Wednesday that it's cutting 7,000 positions.

The retail giant -- which employs about 2.3 million workers worldwide -- said in a statement that the cuts affect accounting and invoice jobs in its U.S. stores.

The company said affected employees will have the option to work in another role at Walmart.

Communications director Deisha Barnett said the company is "anticipating that associates move into new roles" rather than leave the company.

Walmart said some people may have the opportunity to transition into higher paying roles -- like assistant store managers -- while other roles may pay less...


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