Jan 28 (Reuters) – Home Depot said on Wednesday it is cutting 800 jobs associated with its Atlanta store support center, and is calling on its corporate employees to return to the office five days a week. In a statement, 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." The home improvement giant said it will offer separation packages, transitional benefits, and job placement support to impacted employees. U.S. housing demand has been choppy due to rising unemployment and high home prices. Meanwhile, easing U.S. interest and mortgage rates have failed to aid a recovery, with Home Depot projecting a bigger drop in fiscal 2025 profit in its latest quarterly earnings. (Reporting by Koyena Das in Bengaluru; Editing by Leroy Leo)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
Jan 28 (Reuters) - IBM beat Wall Street estimates for fourth-quarter revenue and profit on…
SEOUL, Jan 29 (Reuters) - Samsung Electronics said its operating profit more than tripled to…
By Mike Scarcella WASHINGTON, Jan 28 (Reuters) - Spider-Man star Tobey Maguire testified on Wednesday…
Jan 28 (Reuters) - Tesla said on Wednesday it will invest $2 billion in CEO…
By Chuck Mikolajczak NEW YORK, Jan 28 (Reuters) - The Federal Reserve held interest rates…
VIDEO SHOWS: OLYMPIC TORCH RELAY HIGHLIGHTS RESENDING WITH COMPLETE SCRIPT SHOWS: VARIOUS, ITALY (JANUARY 27, 2026)…