Report: Lowe’s terminates more than 500 employees

Lowe’s is the latest retailer making job cuts.



The home improvement retailer has laid off more than 500 full-time corporate employees company-wide — its latest effort to streamline the company and boost profitability, the Charlotte Observer reported.



The layoffs are intended to create a “more agile and efficient operating structure for corporate-based positions,” spokeswoman Colleen Penhall said in the report.



The changes also come on the heels of the company’s recent announcement to overhaul its staffing model as a means of updating its store-level workforce to better meet customers’ changing demands in time for the spring selling season.



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