According to reports, Home Depot is preparing to cut 1,000 jobs and offer severance agreements to terminated employees. The Atlanta-based company sent an e-mail out to employees announcing the layoffs today. The job cuts are part of a structural change that includes closing three underperforming stores. Laid-off workers will get at least 60 days severance pay and be eligible for any year-end bonus payouts, according to the e-mail from the company chair and CEO.
Dated: January 27, 2010 – Castronovo & McKinney, LLC