Walmart closing 63 Sam’s Club stores and laying off thousands of workers

Walmart closing 63 Sam’s Club stores and laying off thousands of workers

On the same breath that Walmart (WMT) announced that it is raising its hourly wages to $11 and giving employees bonuses due to tax reform, the world’s largest retailer also revealed it’s closing 63 Sam’s Club locations across the U.S., which will ultimately lay off thousands of workers.

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