Lowe's Announces Nearly 2,400 Layoffs for Full-Time Workers - NBC10 Boston

Lowe's Announces Nearly 2,400 Layoffs for Full-Time Workers

The company said it's providing severance and outplacement resources to displaced workers

Find NBC Boston in your area

Channel 10 on most providers

Channel 15, 60 and 8 Over the Air

    processing...

    NEWSLETTERS

    Checklist for a Healthier Fall
    Alan Diaz, AP (File)
    FILE - Customers walk toward a Lowe's store in Hialeah, Fla., June 29, 2016.

    North Carolina-based home improvement retailer Lowe's says it's told about 2,400 full-time workers that they will be laid off.

    A statement from the store said the majority of the cuts are at the store level, with other cuts occurring at distribution centers, customer support centers and vice presidents at the company's corporate office in Mooresville.

    The company said it's providing severance and outplacement resources to displaced workers.

    Lowe's CEO Robert Niblock told employees in an email that the changes "will better align store staffing with customer demand, shift resources from back-of-the-store activities to customer-facing ones, and enhance our efficiency and productivity."

    Wild Arkansas Shootout Caught on Camera

    [NATL] Wild Arkansas Shootout Caught on Camera

    A 53-second shootout was caught on cameras and dashcams between a Washington County sheriff and 29-year-old Luis Cobos-Cenobio on Nov. 11, according to authorities.

    (Published Wednesday, Nov. 14, 2018)

    Lowe's also announced Bob Hull was retiring as its chief financial officer. Marshall Croom, who has been with Lowe's for two decades, will succeed Hull as CFO March 3.