Home Depot said on Wednesday it is cutting 800 jobs associated with its Atlanta store support center, and is calling on its corporate employees to return to the office five days a week.
In a statement, Home Depot said its “goal is to drive greater agility and position the company to move faster and stay even more closely connected with our frontline associates.”
The home improvement giant said it will offer separation packages, transitional benefits, and job placement support to impacted employees.
U.S. housing demand has been choppy due to rising unemployment and high home prices. Meanwhile, easing U.S. interest and mortgage rates have failed to aid a recovery, with Home Depot projecting a bigger drop in fiscal 2025 profit in its latest quarterly earnings.
(Reporting by Koyena Das in Bengaluru; Editing by Leroy Leo)
