Retail giant expected to notify headquarters staff by end of month

A day after promising to give its store workers raises and bonuses, Wal-Mart Stores Inc. is preparing to hand out pink slips at its headquarters.

The giant retailer, which is based in Bentonville, Ark., and employs more than 1.5 million people in the U.S., plans to cut more than 1,000 corporate jobs, according to people familiar with the matter.

The...

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