Summary
Home Depot is laying off 800 employees and asking corporate staff to work in the office five days a week. The company cites the need for faster operations and closer connections with customers as reasons for these changes.
Key Facts
- Home Depot will lay off 800 employees.
- 150 job cuts will be at their headquarters in Atlanta.
- The layoffs mainly affect technology and corporate staff who work remotely.
- Home Depot requires corporate employees to return to the office full-time.
- The company reported lower-than-expected sales in the recent quarter.
- Home Depot is facing challenges from weak consumer spending and a slow housing market.
- The retailer has experienced boycotts related to immigration enforcement issues.
- Affected employees will receive packages for job separation and help finding new jobs.
