(Reuters) -Lowe’s Cos is eliminating some corporate positions, Bloomberg News reported on Thursday citing a company spokesperson.
The staffing changes will affect the jobs of a limited number of corporate associates in non-customer facing roles, the report added citing the spokesperson.
Lowe’s did not immediately respond to a Reuters request for comment.
The retailer had forecasted a steeper drop in annual same-store sales in November, as inflation-hit consumers pulled back spending on home-improvement projects.
The Mooresville, North Carolina-based firm joins a growing number of U.S. companies trimming their workforce as they seek to cut costs.
News website Business Insider is laying off around 8% of its staff, while eBay will cut about 1,000 roles.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Krishna Chandra Eluri)
