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.
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