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Story summary
- Lowe's, the Mooresville, North Carolina-based home improvement chain, announced the layoff of approximately 600 corporate and support roles, representing less than 1% of its workforce.
- Employees described the layoffs as a "bloodbath" on social media.
- Marvin Ellison, CEO of Lowe's Companies, Inc., said consumer spending is cautious, impacting sales.
- In the third quarter of 2025, Lowe's reported sales of $20.8 billion and outlined expansion plans, including new stores and acquisitions.
