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January 31st, 2008

Home Depot to cut 10% of home-office staff

“We see this continuing in 2008. With business the way it is, this is the way we adapt. We have clear priorities to invest in our stores.”

Home Depot Inc., the largest U.S. home improvement retailer, said it’s cutting 500 of its headquarters staff, or 10%, to lower costs and weather a slowing housing market that has hurt its sales. via MarketWatch



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