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Walmart Raises Wages But Cuts Thousands Of Co-Managers - Presented by: The Aol. On Network

Walmart is expected to cut 3,500 co-manager positions as it adds 1,700 lower-paid assistant store managers. The news comes one day after Walmart announced its plans to raise hourly wages to $11. Walmart also announced on Thursday that 63 Sam's Club stores will be closing throughout the country -- a decision that will impact roughly 9,400 employees.



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