A Dwelling Depot brand is displayed at one among their shops in San Diego, Nov. 8, 2025.
Kevin Carter | Getty Photos Information | Getty Photos
Dwelling Depot on Wednesday laid off 800 staff and stated company staff should return to the workplace 5 days per week.
In a message to staff, CEO Ted Decker stated the modifications are supposed to extend the corporate’s “pace and agility.”
“To increase our industry-leading place, we should place the corporate to maneuver quicker and keep much more carefully related to our prospects and frontline associates,” he wrote within the memo.
A company spokesperson confirmed that the corporate is chopping 800 roles. About 150 of the workers have been based mostly at Dwelling Depot’s headquarters in Atlanta and the remaining have been in distant jobs, with most within the expertise group of the corporate and a few on different company groups, she stated.
Within the worker memo, Decker stated the five-day in-office coverage will start the week of April 6. He stated the modifications are “important to simplify our enterprise and focus our vitality on the priorities forward.”
“In-person engagement permits extra significant help for retailer and discipline associates, drives outcomes and reinforces our people-centric tradition and inverted pyramid,” he stated.
Dwelling Depot’s gross sales have been weaker than anticipated, because the retail large waits for housing turnover and important house enchancment spending to choose up once more after a increase in demand in the course of the Covid pandemic. Firm leaders have attributed slower demand to greater mortgage charges, financial uncertainty and shoppers’ hesitance to spring for pricier tasks.
The retailer missed Wall Avenue’s earnings expectations for the third straight quarter when it posted leads to November. It stated that it expects full-year fiscal 2025 gross sales to rise about 3% and comparable gross sales, which take out the affect of one-time elements like retailer openings and calendar variations, to be barely optimistic.
Shares of Dwelling Depot have fallen about 10% over the previous yr, trailing the S&P 500’s 15% positive aspects over the identical interval. To this point this yr, Dwelling Depot’s inventory is up about 9%, nevertheless, forward of the S&P 500’s almost 2% positive aspects.
Dwelling Depot will report its fiscal fourth-quarter earnings on Feb. 24.
