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Stock impact report

Home Depot laying off hundreds of employees at Atlanta support center, moving to in-office schedule [CBS News]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: CBS News
The Atlanta-based company confirmed the layoffs with CBS News, saying that the move was part of a plan for "simplifying our corporate operations to better support our stores and customers." As part of the move, the company also announced it would require its corporate staff to return to the office five days a week. A spokesperson for the Home Depot said the company's goal was to be able to move faster and be more connected with frontline associates. "This was a difficult decision, and we're focused on doing the right thing and supporting associates who were impacted with separation packages, transitional benefits, and job placement support," the spokesperson said. Last November, Home Depot announced that it had missed profit expectations for its third consecutive quarter, pointing to less demand because of fewer serious weather incidents and U.S. consumer anxiety. "Our results missed our expectations primarily due to the lack of storms in the third quarter, which resulted i Show less Read more
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