Home Depot is cutting 800 roles in its technology organization and other corporate teams, CNBC reported Wednesday (Jan. 28), citing a company spokesperson. About 150 of the employees were based at the company's headquarters in Atlanta, and the rest worked remotely, according to the report.
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."
Home Depot laid off around 800 corporate employees on Wednesday. The cuts affected roles at the chain's store support center in its hometown of Atlanta.
Home Depot (HD) closed at $380.36 in the latest trading session, marking a -1.6% move from the prior day.
HD eyes sales growth in fiscal 2025 through the GMS deal and digital tools, even as EPS guidance drops 5% amid housing headwinds.
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In the latest trading session, Home Depot (HD) closed at $384.64, marking a +2.54% move from the previous day.
HD's premium valuation and soft housing demand raise red flags as Pro momentum slows and earnings estimates fall.
HD's digital push outpaces store growth, with faster fulfillment and AI tools driving customer gains and Pro engagement.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the closing of the recent trading day, Home Depot (HD) stood at $379.74, denoting a +1.28% move from the preceding trading day.
HD is gearing up for a 2026 housing rebound with Pro-focused tools and supply-chain upgrades to scale fast.