Home / Business and Economy / Lowe's Cuts 600 Corporate Jobs Amid Industry Woes
Lowe's Cuts 600 Corporate Jobs Amid Industry Woes
14 Feb
Summary
- Lowe's is eliminating approximately 600 corporate and support jobs.
- These cuts represent less than 1% of the company's total workforce.
- Home Depot also recently cut 800 jobs at its support center.
Lowe's, the North Carolina-based retailer, has initiated significant workforce reductions, eliminating approximately 600 corporate and support positions. This decision constitutes less than 1% of the company's entire workforce, signaling a strategic adjustment in its operational structure.
The move by Lowe's occurs in the context of similar industry trends. Earlier in the year, competitor Home Depot announced its own round of layoffs, cutting 800 jobs from its Atlanta store support center. Home Depot also recently mandated a full return to the office for its corporate employees.
As of Friday, Lowe's had not provided an immediate response to requests for comment regarding these recent job eliminations. The full impact and reasoning behind these cuts are yet to be detailed by the company.
