Executives at Wal-Mart are re-thinking the retailer's operations in China.

According to the Wall Street Journal, Wal-Mart is restructuring its operations in that giant, emerging market. The newspaper says the changes might result in pay cuts and possibly job losses affecting about 2.5 percent of its local work force -- about 1,400 people.

The changes come to the five-teir management system Wal-Mart uses in China. Wal-Mart says it's trying to make things run more efficiently and promote growth.

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