UPDATE 1-Lowe's cuts 600 corporate and support roles to focus on store employees

Target Corporation +1.37%
Lowe's Companies, Inc. -0.78%
Home Depot, Inc. +0.03%

Target Corporation

TGT

117.34

+1.37%

Lowe's Companies, Inc.

LOW

237.59

-0.78%

Home Depot, Inc.

HD

339.03

+0.03%

Changes sourcing in paragraph 1, adds company comment in paragraph 2 and background in paragraph 4

- Lowe's LOW.N is eliminating about 600 corporate and support roles, representing less than 1% of the retailer's total workforce, to focus on store employees, a company spokesperson told Reuters on Friday.

"This step helps better align our resources to support our stores and the associates who serve customers every day," the spokesperson said, adding that Lowe's is committed to supporting laid-off employees with financial assistance, continued benefits for a period of time and career transition resources.

The company joins other major U.S. retailers that have recently cut jobs.

Earlier this week, Big-box retailer Target TGT.N cut around 500 office and supply chain jobs to put money towards more hours for frontline store employees, under new CEO Michael Fiddelke, who had eliminated around 1,800 corporate roles in 2025 — in the company's first major layoff in around a decade.

Lowe's rival Home Depot HD.N, in late January, said it was cutting 800 jobs at its Atlanta store support center and called on its corporate employees to return to the office five days a week.


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