Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon [CNBC]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: CNBC
The home improvement retailer will add more than 1,000 technology hires this year. With a stock price that has increased 135 percent over the last five years, Home Depot remains one of the few giant brick-and-mortar retailers to find success in the age of Amazon . Now, the $200 billion home improvement retailer is going on the biggest technology hiring spree in its history to try to maintain that edge. Home Depot plans to add more than 1,000 new hires to its technology teams in 2018, the company will announce on Wednesday, to support an $11 billion multi-year investment plan to extend its lead in brick-and-mortar retail over competitors like Lowe's and fend off increased competition from Amazon and other online players. The company has approximately 2,800 employees in technology roles today. More from Recode: Coinbase has hired a CFO, Alesia Haas Facebook is taking its first steps to comply with Europe's strict data privacy rules Two things people get wrong a
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