Lowe's job cuts hit home at N.C. headquarters

Corrections & Clarifications: An earlier version of this story contained outdated information.   

MOORESVILLE, N.C. — Lowe's is cutting 525 staff at its headquarters and other facilities, the home improvement chain confirmed Tuesday.

Lowe's said that in Mooresville, N.C., where it is based, it has reduced about 430 corporate office positions, about 70 support positions in Wilkesboro, N.C., and about 25 corporate support positions in other facilities.

In a statement, Lowe's said, "These difficult decisions are necessary to successfully transform Lowe's as we adapt to the dramatic changes that are reshaping the retail landscape."

More than a month ago, the company cut 2,400 full-time positions in its stores as part of what was called a new "store staffing model."

Marketing experts believe Lowe's is trying to better compete with rival Home Depot.

The company is providing the affected employees with severance pay, outplacement resources and other benefits.

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