Lowe’s to cut 600 corporate roles, including 317 in North Carolina
Lowe’s will cut 600 corporate and support roles nationwide, 317 in North Carolina (178 in Mooresville, 49 in Charlotte), with layoffs beginning April 19 through early May. Q3 net income $1.6B, adjusted EPS $3.06 on $20.8B sales, while comparable sales rose just 0.4%, prompting a flat 2025 outlook.
1. Layoff Details and Scope
Lowe’s plans to eliminate 600 corporate and support positions nationwide as part of a resource shift toward store operations. A Worker Adjustment and Retraining Notification filing shows 317 roles will be cut in North Carolina—178 in Mooresville and 49 in Charlotte—with the remainder across other states and remote locations. Layoffs begin April 19 and are expected to conclude by early May.
2. Q3 Financial Performance
In the most recent quarter, Lowe’s reported net income of $1.6 billion and an adjusted diluted EPS of $3.06 on total sales of $20.8 billion. Comparable sales rose a modest 0.4%, driven by online growth, double-digit home services gains and continued expansion of Pro customer sales, signaling that demand remains flat.
3. Outlook and Strategic Implications
Amid higher interest rates and a soft housing market, Lowe’s trimmed its 2025 full-year comparable sales forecast to flat growth. The corporate headcount reduction aims to realign back-office functions—product management, recruiting, analytics, product design and supply chain—toward reinforcing store-level staffing and customer service.