Reports: Wal-Mart cutting down its corporate staff

After abruptly closing a number of its Sam’s Club stores across the country, Wal-Mart (NYSE: WMT) is feeling the squeeze at its corporate office.The Arkansas Democrat-Gazette reported Thursday that according to sources, the retail giant laid off fewer than 500 workers from its headquarters in Bentonville. Affected positions ranged across Wal-Mart’s merchandising, real estate, finance, human resources, technology and global business services departments.An unknown number of cuts also