Published on June 8th, 2017 | by Sofia Vida0
Lowes Will Be Firing 125 Of These Type Of Employees
Lowes just announced that approximately 125 information technology workers would be laid off. This is now the third round of job cuts for 2017 that the company has announced. Many of these jobs will be sent to Bangalore, India where the company has 1,000 people employed in information and analytics.
It was in January when the home improvement retailer announced the first round when it said it would be laying off approximately 2,400 full time workers. Many of these workers at store level. Then in February the company announced the second round, and said that 500 full-time corporate jobs would also be at danger.
According to Lowe’s CIO Paul Ramsay, all of the affected workers had been notified on Wednesday. According to Ramsay the company has spent several years now planning a strategic IT workface team that could focus better on “this highly competitive 24/7 retail environment.”
The company already eliminated 96 corporate tech jobs in October of last year.
Disclaimer: We have no position in Lowe’s Companies, Inc. (NYSE: LOW) and have not been compensated for this article.