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Wal-Mart Said to Plan Hundreds of Job Cuts at Headquarters

An employee uses a forklift to pull goods a Wal-Mart store in Los Angeles.

Wal-Mart Stores Inc. is planning job cuts at its headquarters that could involve hundreds of workers, including senior managers, according to people familiar with the situation.

The cuts are expected to begin in the next week, said the people, who asked not to be identified because the deliberations are private.

The move is part of Chief Executive Officer Doug McMillon’s efforts to reduce costs at the retailer while it boosts investment in other areas, including higher wages for store workers. The company has about 19,000 employees at its headquarters in Bentonville, Arkansas.

The job cuts were...