Wal-Mart Stores Inc. will close 269 of its stores globally, including 154 in the United States and nine in California, the company said Friday.

About 1,780 California employees will lose their jobs, including 1,040 in Los Angeles County, the Los Angeles Times reports. According to the outlet, Wal-Mart plans to reposition itself and open more than 140 new stores nationwide in the next year and open or expand nine stores in California.