One company's decision to cut many positions will actually result in more Atlanta retail jobs.
Home Depot Inc., the number one home-improvement retailer in the nation, recently announced its plan to cut 1,000 jobs by shutting down three under-performing pilot stores and consolidating various back-end functions.
While this is bad news as a whole, it will result in more Atlanta retail jobs, as the company said it plans to add 200 positions in the city as part of its restructuring effort. The other layoffs are being made because Home Depot has slowed its store openings and no longer needs as many real estate or construction staff members.
According to MarketWatch, the three stores to be closed will affect about 100 employees. Those include a small-format store in Wilson, N.C., a temporary hurricane-recovery outlet in Waveland, Miss., and a clearance outlet in Austell, Ga.
The remaining 900 job cuts will come from the company's effort to consolidate its human resources, finance, real estate and construction functions. This includes centralizing the HR structure mostly to the Atlanta headquarters instead of having a field-team structure by districts.
"This is not a case of the company cutting expenses in reaction to broader economic pressures or our business performance," Chief Executive Frank Blake wrote in a memo to employees. "Rather, we are making prudent structural changes where it makes business sense to consolidate some functions."
Home Depot currently has more than 300,000 employees in 2,245 stores throughout the world, including 1,976 of which are in the United States.
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