Walmart lays off 700 employees

About an hour ago, we started seeing online chatter that Walmart was laying off a ton of employees today. It wasn’t long before a Twitter hash started turning up a breaking story over at entitled Layoffs Begin At Wal-Mart.

According to the story, the layoffs began as early as 8:30am in the Walmart home offices where groups of people were brought into meetings and told that they were among about 700 employees being laid off.

UPDATE: Arkansas Business is reporting a potential of 1,400 layoffs total.

For more: [NWAonline, Twitter, Arkansas Business, 4029]