REUTERS.COM
'office full-time'

Home Depot to cut 800 corporate jobs

SUMMARY

Home Depot is cutting 800 jobs at its Atlanta store support center and urging corporate employees to return to the office full-time. The company aims to enhance agility and strengthen ties with frontline associates.

It will provide separation packages, transitional benefits, and job placement support to those affected.

Rising unemployment and high home prices have impacted U.S. housing demand. However, easing interest and mortgage rates may help. Home Depot expects a significant decrease in fiscal 2025 profit, as indicated in its latest quarterly earnings.


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