Home Depot

About Home Depot

Home Depot, Inc., is the world's largest home improvement retailer, as measured by sales. Founded in 1978, the company is headquartered in Atlanta, Georgia. Home Depot has over 2,300 stores in the United States, Canada, and Mexico.

CEO: Ted Decker

Year Established: 1978

Last Year's Revenue (in billions): $151.11

Stock Symbol: HD

Headquarters Location: Atlanta, GA

*As of 2023-11-20

Recent Layoff Information

Total Employees	Employees Laid Off (Estimated Yearly Total^[1])	Date of Last Layoff
500,000	500	October 2023

Total Employees	500,000
Employees Laid Off (Estimated Yearly Total^[1])	500
Date of Last Layoff	October 2023

Layoffs This Year

Layoffs Past 5 Years

Compared to All Companies

Note: Amazon and Walmart data ommited due to size.

Compared to All Companies as a Percentage (layoffs/employees)

Note: Amazon and Walmart data ommited due to size.

Compared to Sector

Compared to Sector As a Percentage (layoffs/employees)

Are More Layoffs Expected?

Home Depot has not made any official announcements regarding future layoffs in 2024. The company's decision to conduct layoffs will likely depend on a variety of factors, including its financial performance, market conditions, and strategic objectives.

Home Depot is currently undergoing a transformation to focus on growth areas such as e-commerce and international expansion. This has involved streamlining operations, consolidating facilities, and implementing automation, which could potentially lead to further layoffs in the future.

However, Home Depot is also expanding its presence in certain areas, such as opening new stores and distribution centers. These expansions could create new job opportunities and offset any potential layoffs from automation and consolidation efforts.

Reason for Layoffs

The company is undergoing a transformation to focus on growth areas such as e-commerce and international expansion. This has involved streamlining operations, consolidating facilities, and implementing automation, which has led to job cuts in some areas.

Articles

The Great Pause: Inside the Fortune 500 Hiring Slowdown

December 29, 2023

When Snowflakes Turn to Severance Papers: The Most Grinchy Layoffs in Festive History

December 25, 2023

The Robot in the Room: AI and the Looming Shadow over 2024 Jobs

December 21, 2023

Our Top 10 Layoffs by Percentage in 2023

December 20, 2023

Unveiling the Stealthy World of Soft Layoffs

December 20, 2023

New Graduates Guide to Navigating the 2024 Workforce

December 18, 2023

Amidst Layoff Fog, Beacons of Hope: States with Sunshine in the 2024 Job Market

December 17, 2023

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[1]Layoff totals are the totals over the past year and not most recent round of layoffs. Totals will not be exact as it is not possible to track at that level of detail in real time. All information is gathered from SEC filings, WARN notices, news articles, social media posts, and users who post on our site. Layoffinsider uses various ai tools to help gather the data which is then reviewed by humans and cross checked for validity. If you suspect there is incorrect data then please reach out to us for prompt investigation. We want to be the number one trusted source for tracking layoffs.

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