Reblog attempt, take three, no deleting, okay? Posting and comments worthy of study and contribution, they only involve our financial and political futures.
After Walmart’s flashy announcement of bonuses of up to $1,000 for some of its workers, the real story played out quietly.
On Wednesday, as news of the bonus announcement was lauded by Trump and Fox News, Walmart abruptly closed down 63 Sam’s Clubs stores. More than 9,000 people lost their jobs. Some only learned about the decision when they showed up to work and found the doors locked.
On Friday, there was news of more pain for Walmart workers. The company confirmed to Business Insider that about 3,500 “co-managers” will be laid off across the country. They will be replaced by new, “assistant manager” positions, which would have a lower salary. The laid off workers will be able to “apply” for these new jobs.
As ThinkProgress reported, while the bonus announcement looked amazing it was much more complicated than it…
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