Walmart Raises Wages, But Fires Managers At 4,700 Stores

After announcing salary hikes for US workers, Walmart is cutting two department manager positions.
The cuts at 4,700 stores come one month after Walmart decided to cut 3,500 salaried co-managers.
In their place, Walmart is adding 1,700 lower-paid assistant store managers.
Walmart also said last month that it was closing 63 Sam's Club stores.