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Lowe’s Layoffs 2019: 12 Things to Know About the Job Cuts

William White

Lowe’s Layoffs 2019 have the home improvement retailer cutting jobs for thousands of employees.

Lowe's Layoffs 2019: 12 Things to Know About the Job Cuts

Here’s what we know so far about the Lowe’s (NYSE:LOW) layoff plans.

  • The company is eliminating maintenance and assembly worker positions.
  • Instead, it will be outsourcing these jobs to a third party.
  • This means that LOW employees will no longer be putting together and serving products directly in the stores.
  • Those hit by the Lowe’s layoffs 2019 are allowed to try and switch over to another open position at the company.
  • According to the company, it will also be giving employees hit in the Lowe’s layoffs 2019 transition pay.
  • The reason behind the layoffs is that it allows employees more time to focus on helping customers on the sales floor.
  • However, it doesn’t look like Lowe’s employees are happy about that reasoning.
  • Several have taken to TheLayoff.com to share their grievances about the decision.
  • This includes concerns from employees that the third-party workers won’t be available for emergency repairs at local stores.
  • Many also took issue with the changes that CEO Marvin Ellison has been making since last year.
  • This includes closing down stores in an effort to reduce costs for the company.
  • These closures come while the retail sector continues to struggle as online shopping grows larger.

You can follow these links to learn more about the Lowe’s layoffs 2019.

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LOW stock was largely unaffected by the layoff news as of noon Friday.

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As of this writing, William White did not hold a position in any of the aforementioned securities.

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