Walmart Is Cutting 7,000 Jobs Due To Automation

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An anonymous reader quotes a report from Yahoo: The clairvoyant folks over at the World Economic Forum warned of a “Fourth Industrial Revolution” involving the rise of the machine in the workforce, and the latest company to lend credence to that claim is none other than Walmart, which is planning on cutting 7, 000 jobs on account of automation. But the Walmart decision may be a bit more alarming for those in the workforce. As the Wall Street Journal reports (Warning: may be paywalled), the most concerning aspect of America’s largest private employer might be that the eliminated positions are largely in the accounting and invoicing sectors of the company. These jobs are typically held by some of the longest tenured employees, who also happen to take home higher hourly wages. Now, those coveted positions are being automated. The Journal reports that beginning in 2017, much of this work will be addressed by “a central office or new money-counting ‘cash recycler’ machines in stores.” Earlier this year, the company tested this change across some 500 locations. “We’ve seen many make smooth transitions during the pilot, ” said Deisha Barnett, a Walmart spokeswoman. Read more of this story at Slashdot.

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Walmart Is Cutting 7,000 Jobs Due To Automation

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