Power Breakfast: Home Depot job cuts, Toyota, Delta, Coke, Obama, GM

The jobs cuts keep on coming.

For the third consecutive January, Home Depot handed out pink slips Tuesday, announcing 1,000 layoffs companywide, AJC staffer Rachel Tobin Ramos reports.

Home Depot CEO Frank Blake said the latest job losses are part of a further centralizing of human resources and accounting functions.

“I want to reiterate that this is not a case of the company cutting expenses in reaction to broader economic pressures or our business performance,” Blake wrote in a memo. “That said, it is never good news to announce layoffs. The personal hardship that this will cause for many of our associates makes this a very difficult decision.”

Blake called it the “right” decision for the company and shareholders.

Since the housing market began to crash, the home improvement giant has cut nearly 20 percent of its Atlanta corporate headquarters workforce, or about 1,150 people, Ramos reports. There are now 4,300 employed there.

Chainwide, including Canada and Mexico, the company has laid off nearly 11,000 employees, or about 3.4 percent of its 322,000 workforce, Ramos reports.

Also in the AJC:

In other media:

3 comments Add your comment

Eric

February 9th, 2010
1:52 pm

Why isn’t Frank Blake’s head on the chopping block. The management at Home Depot protects itself and continues to layoff valuable employees and send jobs to India. HOme Depot is not a company that values service and someone should ask this “good American company” how many jobs were sent overseas and how much they still spend on Nascar and their pet sponsorships instead of keeping employees.

Karen

February 14th, 2010
5:11 pm

for those looking for employment right now or just wanting to know how your salary stacks up, SalaryFor.com http://www.salaryfor.com/ has real salaries posted, job listings, job search tools and a salary calculator to estimate your salary worth. you can post your own salary or view others all for free.

12yr10dh

February 18th, 2010
8:31 am

home depot associates should bring in the UNION, or we will be shut out at the end.