Labor & Economic News Blog
Wednesday, August 30, 2006
Home Depot to lay off 300 at HQ
Home Depot to lay off 300 at HQHome Depot told employees Wednesday it will lay off 300 workers at its Cobb County headquarters to offset a recent uptick in costs for its store operations, according to an internal memo. Home Depot, which employs about 5,000 people at its headquarters, has undergone several consolidations since General Electric veteran Bob Nardelli took the helm in 2000. The reduction announced Wednesday is related to Nardelli's decision to spend more on Home Depot stores in the second half of the year.
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