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Home Depot Cuts 800 Jobs, Recalls Staff to Office
29 Jan
Summary
- Home Depot is laying off 800 employees at its Atlanta support center.
- Corporate employees are required to return to the office five days a week.
- The company projects a larger profit drop for fiscal 2025.
Home Depot announced on Wednesday that it is cutting 800 jobs from its Atlanta store support center. The home improvement giant is also calling its corporate employees back to the office on a full-time, five-day-per-week basis.
In a statement, the company expressed a goal to "drive greater agility and position the company to move faster and stay even more closely connected with our frontline associates." Home Depot will provide separation packages, transitional benefits, and job placement assistance to those impacted.
These workforce adjustments and policy changes occur amidst a backdrop of moderating U.S. interest and mortgage rates, which have impacted housing demand. Home Depot has projected a larger drop in its fiscal 2025 profit.
