August 2019

Lowe's to Layoff Thousands of Employees

According to the company, third-parties will begin taking jobs formerly in the maintenance and assembly sections. Lowe's, via statement The job losses come amidst store closings by Lowe's over the past year in order to shave off costs. But the retailer is still planning to bring in over 2,000 workers for a tech facility that it plans to open in 2021 in North Carolina. The store shutdowns by Lowe's are apart of an ongoing trend in the struggling U.S. retail sector. In 2019, over 7,000 stores have closed their doors for good. As of its last filing, Lowe's has nearly 200,000 full-time workers. There are currently just over 1,700 locations in America.