The Home Depot Inc., which announced Jan. 26 it was cutting 7,000 jobs nationally , will layoff 462 metro Atlanta employees at its headquarters in Vinings and its Cumberland facility, according to a letter the company sent to the Georgia Department of Labor.
The layoff, part of the 7,000 national cuts, will affect 324 salaried workers and 138 hourly employees at the Vinings and Cumberland offices. The downsizing will take place April 1. None of the employees are unionized or subject to the terms of a collective bargaining agreement, Home Depot said.
The Home Depot Atlanta Support Center is at 2455 Paces Ferry Road. The Cumberland offices are at 2690 Cumberland Parkway.
Home Depot (NYSE: HD) is also laying off 75 employees at Home Depot Bath and Remodeling Inc. at 1965 Vaughn Road in Kennesaw. Those cuts also take effect April 1.
Last week, Home Depot said it would cut 7,000 employees and close 34 EXPO stores amid the recession and housing slump. The company cut 500 jobs, or 10 percent of its workforce, in January 2008 and closed 15 stores cutting 1,300 jobs in May 2008. It eliminated 300 jobs at its headquarters in 2006.
Home Depot expects its sales to be down 8 percent and its earnings to drop 24 percent in fiscal 2008. In the third quarter, its profit fell 31 percent to $756 million as sales fell 6.2 percent to $17.8 billion.
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