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Lowe's preps for layoffs
Posted by: Thanks Fucking Obama ()
Date: January 12, 2017 04:51PM

Lowe's preps for layoffs as it shifts to new store staffing model

1 Hour Ago
CNBC.com


Home improvement giant Lowe's is changing its store staffing model and will be laying off "less than 1 percent" of its employees in the near future, a person familiar with the matter said Thursday.

The source did not share the exact number of layoffs. Lowe's workforce totals more than 285,000.

As part of the reshuffling, Lowe's is shifting the roles and responsibilities for some of its staff and eliminating some jobs, this person said.

Some of the affected workers will be moved to new roles at the company, and others will be promoted. However, a portion will be laid off as Lowe's consolidates some positions, the person explained.

The new staffing model will be implemented nationwide and is aimed at freeing up resources to boost face time with customers as the retailer adapts to evolving customer needs.

In a statement, Lowe's said, "While we have no announcements to share, we continually evaluate our staffing model to ensure we have the resources in place to serve customers' evolving expectations and their home improvement needs."

The layoffs are just the latest to hit the retail landscape. Earlier this week, Wal-Mart said it would be slashing hundreds of jobs with many of the cuts impacting its human resources department. In September, Wal-mart said it would cut 7,000 back-office jobs. Meanwhile last week, The Limited announced it would be closing all of its stores.


Thanks fucking Obama.

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