UPDATE: Wal-mart (WMT) Said Planning to Cut 7,000 U.S. Store Back-Office Positions

September 1, 2016 11:35 AM EDT

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(Updated - September 1, 2016 11:44 AM EDT)

Wal-mart (NYSE: WMT) said to cut 7,000 U.S. store back-office positions, according to the WSJ.

UPDATE - Cuts come as the retail giant is making changes to optimize its stores.

Positions will be cut in accounting and invoicing. Wal-mart would rather keep employees that interact more with customers, not those in the backroom.

Much of the work being cut -- including claims processing, cash flow management, and more -- will be centralized moving forward.

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