NEW YORK (AP) - Wal-Mart has laid off 450 workers at its headquarters as the world's largest retailer attempts to become more nimble to compete with the likes of Amazon.com.

NEW YORK (AP) Wal-Mart has laid off 450 workers at its headquarters as the world's largest retailer attempts to become more nimble to compete with the likes of Amazon.com.

There are about 18,000 people who work at the headquarters Bentonville, Arkansas. The cuts were across all areas, from finance to global e-commerce. The company says that the employees were spoken to individually early on Friday.

The cuts follow months of rumors about job headquarters cuts and they were announced a month and a half after Wal-Mart cut its annual earnings outlook.