Walmart bragged in early January that it was giving $1,000 bonuses to its workers in response to the Republican tax cut bill that slates taxes for wealthy corporations like Walmart.
Life has been going downhill for Walmart workers ever since.
CNBC reported that only Walmart workers who had been with the company 20 years would get the full $1,000 bonus while those with fewer years would get smaller bonuses.
On Jan. 11, Walmart announced that it was closing 63 of its Sam’s Clubs and laying off 9,400 workers, noted Business Insider.
Following Amazon’s lead, Walmart plans to turn ten of the Sam’s Clubs into eCommerce fulfillment centers for its SamsClub.com business.
Business Insider now reports that Walmart is going to lay off about 3,500 of its co-managers, and replace them with assistant manager who will be paid less.
Walmart plans to allow the fired co-managers to apply for these lesser paying jobs.