Lowe’s lays off hundreds as corporate office gets cleaned out

Lowe’s has laid off over 500 full time corporate employees according to this Charlotte Observer report.

Home improvement retailer Lowe’s has laid off more than 500 full-time corporate employees company-wide in its latest effort to streamline the company and boost profitability.

The layoffs include 430 workers at Lowe’s headquarters in Mooresville, or nearly 11 percent of its workforce there, as well as 70 support staffers in Wilkesboro and about 25 corporate support positions in other facilities across the U.S., the company told the Observer on Tuesday.

The layoffs amount to less than 1 percent of Lowe’s 285,000 employees company-wide. Those who lost jobs will receive severance and outplacement services, the company said.

The latest job changes come about a month after Lowe’s cut about 2,400 full-time positions across its U.S. footprint as part of a rollout of a new store staffing model. The majority of those cuts were at the store level, Lowe’s said, though other affected positions were at distribution centers, contact centers and at the company’s corporate offices.

In October, the retailer also laid off about 95 people in its information technology department.

Even as it makes these cuts, the company is adding other positions. Last week, Lowe’s announced plans to hire 1,700 full-time workers, including 600 in Wilkesboro, to staff its customer-support centers between now and October. With the latest staffing changes, Penhall said, Lowe’s overall employment in North Carolina will remain consistent.

Before the recent layoffs, Lowe’s employed more than 4,000 at its Mooresville offices, about 30 miles north of Charlotte. The company employs another 2,000 in Wilkesboro, a town about 90 miles northwest of Charlotte where Lowe’s was founded in 1946.