A Home Depot logo is displayed at one of their stores on November 8, 2025 in San Diego, California.
Kevin Carter | Getty Images News | Getty Images
Home deposit The group announced Wednesday that it would lay off 800 workers and announced that company employees will have to return to the office five days a week.
In a message to employees, CEO Ted Decker said the changes were aimed at increasing the company’s “speed and agility.”
“To expand our position as an industry leader, we must enable the company to move faster and remain even more closely connected to our customers and frontline associates,” he wrote in the memo.
A company spokesperson confirmed the company was cutting 800 positions. About 150 of the employees were based at Home Depot’s Atlanta headquarters and the rest worked remotely, most in the company’s technology organization and some in other teams across the company, she said.
In the employee memo, Decker said the five-day in-office policy would begin the week of April 6. He said the changes were “essential to simplifying our operations and focusing our energy on the priorities ahead.”
“In-person engagement enables more meaningful support for store and field associates, drives results and strengthens our people-centric culture and inverted pyramid,” he said.
Home Depot’s sales were weaker than expected as the retail giant waits for real estate turnover and big home improvement spending to resume after a boom in demand during the Covid pandemic. Business executives attributed the slowdown in demand to rising mortgage rates, economic uncertainty and consumers’ hesitation to take on more expensive projects.
The retailer missed Wall Street’s profit expectations for the third straight quarter when it reported results in November. It said it expects full-year 2025 sales to rise about 3% and that comparable sales, which exclude the impact of one-time factors such as store openings and timing differences, will be slightly positive.
Home Depot shares have fallen about 10% over the past year, trailing the S&P 500’s 15% gains over the same period. Year to date, Home Depot’s stock is up about 9%, ahead of the S&P 500’s gains of nearly 2%.
Home Depot will report its fourth quarter results on February 24.