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Home Depot Cuts Jobs and Orders Staff Back to Office
['Jaewon Kang']
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Shoppers inside a Home Depot store in California.
(David Paul Morris/Bloomberg)Key Takeaways: Home Depot is cutting roles in its store support center and requiring corporate employees to return to the office full time.
CEO Ted Decker says restructuring will improve agility and better support workers and customers.
Home Depot Inc. is cutting jobs across several teams and requiring corporate staff to return to the office, as the world’s largest home-improvement retailer contends with a slowdown in business caused by the frozen housing market.
The company is eliminating roles associated with its store support center and mandating a five-day in-office schedule for corporate workers, a spokesman confirmed to Bloomberg News.