Jan 11 - Walmart Closing 63 Sam's Club stores; Laying off thousands (but dat $11 wage tho)

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 6 months ago '13        #1
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Erma Gerd 298 heat pts298
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Jan 11 - Walmart Closing 63 Sam's Club stores; Laying off thousands (but dat $11 wage tho)
 

 
Walmart is abruptly closing 63 Sam's Club stores and laying off thousands of workers


Walmart is abruptly closing 63 Sam's Club locations across the US, the company told Business Insider. Some stores were closed on Thursday. Others will close at a later date.

Many employees were not informed of the closures ahead of the time, according to reports.

10 of the closed stores will be turned into ecommerce distribution centers.

Walmart is closing 63 Sam's Club stores across the US, the company told Business Insider.

Several stores were abruptly closed Thursday. In some cases, employees were not informed of the closures prior to showing up to work on Thursday.

Instead, they learned that their store would be closing when they found the store's doors locked and a notice announcing the closure, according to reports.

Ten of the affected stores will be turned into ecommerce distribution centers, and employees of those stores will have the opportunity to reapply for positions at those locations, a Walmart official said.

The remaining stores will stay open for several weeks before closing permanently. All of the affected stores were scrubbed from Sam's Club's website Thursday morning.

Sam's Club offered an explanation for the closures on Twitter, saying, "After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and a.ssociates through this transition."





The closures come on the same day that Walmart announced it was raising starting hourly wages to $11, expanding employee benefits, and offering workers bonuses of up to $1,000



but but trickle down image

I wonder if the members of the stores that abruptly shut down will have their memberships refunded. image


Last edited by Erma Gerd; 01-11-2018 at 12:16 PM..
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152 comments for "Jan 11 - Walmart Closing 63 Sam's Club stores; Laying off thousands (but dat $11 wage tho)"

 6 months ago '05        #2
Based_One 88 heat pts88
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Dead a.ss bananas
cloudy55 and 7 others gave props
 
 6 months ago '17        #3
Zazi3 The Beast 80 heat pts80
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This will be blamed on amazon after fox news puts their spin on it
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 6 months ago '13        #4
Erma Gerd 298 heat pts298 OP
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 Zazi3 The Beast said:
This will be blamed on amazon after fox news puts their spin on it
Thought the same thing, but that spin for no-notice layoffs will need to be stellar.
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 6 months ago '08        #5
tdnupe3 11 heat pts11
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I guess my wishful thinking was pre-mature. I did mention in the other thread that they may offset the raises with a "reduction in employment expense". But, damn. I was thinking that they would at least wait a while. This is crazy.

Not to mention, the cost of food is going up EVERYWHERE. Something bad must be on the horizon.
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 6 months ago '16        #6
Negusis 3 heat pts
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That's some straight up as*hole sh*t to do. Seriously, not even just the store closings, but the way they did it. Like 20 levels of disrespect shown to employees.

If I was any Wally's World employee, I'd be updating my resume.

People fell for that "trickle down" BS again. Same old play book.
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 6 months ago '04        #7
dank 19 heat pts19
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 6 months ago '07        #8
timdog 1000 heat pts1000
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Wal Mart mad their money back smh.
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 6 months ago '16        #9
foshoVoodoo 188 heat pts188
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Stopped going to walmart about a month ago i'll be damned if I pay for sh*t and bag it up too after a long day at work and a couple people I know feel the same way so they gonna loose custies.
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 6 months ago '17        #10
fearlessherojg 
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 tdnupe3 said:
I guess my wishful thinking was pre-mature. I did mention in the other thread that they may offset the raises with a "reduction in employment expense". But, damn. I was thinking that they would at least wait a while. This is crazy.

Not to mention, the cost of food is going up EVERYWHERE. Something bad must be on the horizon.


To me, it's clear that corporations know the way they did business before is on its last legs. They've gotten tax cuts in the past of varying degrees, but people are much more aware of inequality and labor exploitation now than ever before.

They know, that if they don't give us something (which doesn't really amount to much), then it means the end of any further tax cuts for them and very likely down the road, tax increases.

It's like a reverse of what happened with FDR's bargains with the rich for New Deal legislation: the bargain basically was, if you don't agree to this, (higher taxes and expansions of programs and the creation of the social safety nets), this whole system will fail and you'll lose everything, possibly by force through the people. The same ultimatum exists now, except they get what they want first, with the promise to take care of everyone as a result.

It's so contradictory to me -- even if someone agrees with free market principles and agrees with the tax cuts based on that, how can they reconcile this form of false pandering to the masses with "the free market dictating higher wages and bonuses?"
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 6 months ago '05        #11
pnoi89 12 heat pts12
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It’s not just Walmart... many businesses are merging positions to address higher wages. Banks are merging tellers and bankers, virtually eliminating tellers. Restaurants such as Red Robin are removing bussers altogether. Retail outlets reduced their staff such as eliminating greeters altogether.
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 6 months ago '09        #12
Msfourfteleven 23 heat pts23
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Yep, my co-worker's husband said that they closed his store without warning this morning. Went to work for a "meeting" and saw people from Corporate there. That's when they told them as of today, the store was closed. They did offer them some pretty good incentives like other store placements, they will keep paying them for 90 days with the first check being double and if they can't find another store to transfer to, they will offer them a severance package.

He said they closed the store due to poor performance. Meaning they didn't really get a lot of business. He said it would be times where he didn't get a customer for 2-3 hours.
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 6 months ago '16        #13
foshoVoodoo 188 heat pts188
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Maga good for business
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 6 months ago '16        #14
ThunnLanguage 11 heat pts11
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Sad sh*t in this thread...
Trump was right, I'm really getting sick of all this winning.

..and yes, Trickle Down my azz. Supply Side Economics can get a fat veiny one.
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 6 months ago '04        #15
dank 19 heat pts19
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 Msfourfteleven said:
Yep, my co-worker's husband said that they closed his store without warning this morning. Went to work for a "meeting" and saw people from Corporate there. That's when they told them as of today, the store was closed. They did offer them some pretty good incentives like other store placements, they will keep paying them for 90 days with the first check being double and if they can't find another store to transfer to, they will offer them a severance package.

He said they closed the store due to poor performance. Meaning they didn't really get a lot of business. He said it would be times where he didn't get a customer for 2-3 hours.

fake news............
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 6 months ago '16        #16
OWPE 61 heat pts61
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If a store is losing money, it closes.... Thats how business works.......

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 6 months ago '08        #17
tdnupe3 11 heat pts11
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 fearlessherojg said:


To me, it's clear that corporations know the way they did business before is on its last legs. They've gotten tax cuts in the past of varying degrees, but people are much more aware of inequality and labor exploitation now than ever before.

They know, that if they don't give us something (which doesn't really amount to much), then it means the end of any further tax cuts for them and very likely down the road, tax increases.

It's like a reverse of what happened with FDR's bargains with the rich for New Deal legislation: the bargain basically was, if you don't agree to this, (higher taxes and expansions of programs and the creation of the social safety nets), this whole system will fail and you'll lose everything, possibly by force through the people. The same ultimatum exists now, except they get what they want first, with the promise to take care of everyone as a result.

It's so contradictory to me -- even if someone agrees with free market principles and agrees with the tax cuts based on that, how can they reconcile this form of false pandering to the masses with "the free market dictating higher wages and bonuses?"
It will be just like Brazil, where the wealthy live behind gates with armed guards. They can't go anywhere without the fear of being kidnapped and held for ransom (or worse). Things here in the states seem to be headed that way.
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 6 months ago '04        #18
dc3003 69 heat pts69
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 foshoVoodoo said:
Stopped going to walmart about a month ago i'll be damned if I pay for sh*t and bag it up too after a long day at work and a couple people I know feel the same way so they gonna loose custies.
I stopped like 3 -4 years ago. Theres absolutely nothing i need in that store
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 6 months ago '04        #19
dc3003 69 heat pts69
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 ThunnLanguage said:
Sad sh*t in this thread...
Trump was right, I'm really getting sick of all this winning.

..and yes, Trickle Down my azz. Supply Side Economics can get a fat veiny one.
Ya it was trumps fault when circuit city closed down too
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 6 months ago '17        #20
dubsax 6 heat pts
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Expect large executive raises for companies soon. Why?
Because they are rewarded based on the balance sheet.

Tax cuts + reduction in workforce - bonuses paid to employees = net gain in revenue

The lower level bonuses were to mask 2 things, 1 being impending layoffs and the 2nd being executive raises.

This will happen right before the next recession
stlcardinals19 and 14 others gave props
 
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