The retail sector suffered another devastating blow this week when Walmart announced plans to cut as many as 1,500 workers across 500 stores in the Western region of the United States.
There was a bit of good news, though. Walmart spokesman Kory Lundberg told USA Today that the cuts would only apply to accounting and invoicing positions. Moreover, the laid off employees would be offered a chance to transition to the front of the house and perform customer service-related work for a reduced wage.
The goals were twofold. First, Walmart wanted to cut costs by centralizing its accounting work and having it performed at the company’s home office in Bentonville, Arkansas.
Second, according to Walmart’s chief merchandising officer, who spoke with reporters earlier this month about the company’s future superstore designs, the company reportedly hoped to “bring enthusiasm back to” its store by increasing customer interaction.
— Retail Resumes (@retailresumesca) June 6, 2016
“We have the opportunity to re-imagine retail, again, so that’s what we’re out to do,” CEO C. Douglas Mcmillon added.
The question remained — why does such a seemingly successful company feel compelled to go through some painstaking lengths to retool its whole operation?
Because of the Obama economy, of course, which has dragged revenue and profits to epic lows. Add to this the introduction of $15 minimum wage laws in several areas. These unnecessary regulations further spiked expenses for numerous retailers and restaurants, causing them to resort to any tactic possible to reduce costs and become profitable again.
Under capitalism, businesses exist to make a profit by serving others, but liberals prefer they exist to serve others without making a profit. And so in pushing to bring this Utopian and rather fanciful dream to life, liberals frequently impose rules and regulations that inevitably spur businesses to do neither.
It’s a never-ending cycle, and sadly, liberals never learn their lesson.
Please share this story on Facebook and Twitter and let us know what you think about Walmart’s devastating announcement that it plans to cut 1,500 jobs!