‘The Big Money Show’ panel responds to new data showing that Gen Z hiring has collapsed, while older workers are staying in the workforce longer.
Home Depot announced Wednesday that it is cutting 800 jobs associated with its store support center in Atlanta.
The company also said it would require its corporate employees to return to the office full-time, five days a week.
The company said its goal is to “drive greater agility and position the company to move faster and stay even more closely connected to our frontline employees.”
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Home Depot has announced it will cut about 800 jobs associated with its store support center in Atlanta as part of a corporate restructuring. (Brandon Bell/Getty Images/Getty Images)
While the home improvement retailer called the layoffs a “difficult decision,” it said it would offer affected employees separation packages, transition benefits and job-finding support.
According to Reuters, Home Depot forecast a sharp drop in profits in fiscal 2025 in its latest quarterly results.
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Home Depot said it will cut about 800 jobs related to its store support center in Atlanta. (Chris Rank/Bloombereg/Getty Images)
The retailer’s staff changes came after numerous companies announced job cuts.
Amazon said Wednesday it will cut about 16,000 positions across the company as part of an organizational overhaul aimed at “reducing layers, increasing ownership and eliminating bureaucracy.”
United Parcel Service said Tuesday it plans to cut up to 30,000 operational positions this year as part of its transformation strategy.
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Home Depot confirmed hundreds of job cuts at its Atlanta-based support center. (Mario Tama/Getty Images/Getty Images)
Earlier this week, Nike said it plans to cut nearly 800 jobs due to an automation drive at the footwear and apparel giant’s distribution centers.
