Home Depot Announces 800 Layoffs, Ends Remote Work for Corporate Staff

This past Wednesday, The Home Depot made a massive announcement.

Home Depot laid off 800 workers and also said all corporate employees must return to the office and work there five days per week, according to CNBC. 

Home Depot CEO Comments

With this move, CEO Ted Decker is saying these moves are intended to increase the company's "speed and agility." 

“To extend our industry-leading position, we must position the company to move faster and stay even more closely connected to our customers and frontline associates,” he wrote in the memo.

Additionally, a Home Depot spokesperson confirmed the 800 layoffs. Of the 800, 150 are based at Home Depot's Atlanta, Georgia headquarters. The remaining 650 are remote roles in the technology space. 

Also, the five-day in-office work policy will begin the week of April 6, saying the changes are “essential to simplify our business and focus our energy on the priorities ahead.”

Furthermore, he also had this to say: “In-person engagement enables more meaningful support for store and field associates, drives results and reinforces our people-centric culture and inverted pyramid,” he said.

Home Depot Recent Sales Figures 

Right now, Home Depot sales are weaker than expected. This is due to a variety of factors, including the housing market, fewer significant home improvement projects since the pandemic, higher mortgage rates, and overall economic uncertainty. 

Home Depot fell short of third-quarter earnings estimates, marking its third consecutive miss. The company expects its full-year sales to increase by about 3%. 

Over the past year, shares of Home Depot have fallen about 10%. It also trails the S&P 500's 15% gains over the same time. So far in 2026, the stock is up about 9%. 

On Feb. 24, Home Depot will report its fiscal fourth-quarter earnings, which could beits fourth consecutive miss.