Lowe's letting go of thousands

Outsourcing is the new code word for layoffs.? I'd be interested in knowing how many of those assembly workers actually get jobs on the floor.

Two of my family have worked for Lowe’s in the last 24 months, I have watched the new CEO drive them into the dirt. Firing all dept. managers making them reapply for lesser paying positions they know nothing about. Every day they had some story of downsizing people. Going to be the Walmart of home improvement twenty people stocking freight and no cashiers.

Good news for the people who landed the maintenance and assembly jobs! Always a silver lining there. Lowe’s is doing what it can to try and keep up with Home Depot. There are clearly two different trains of thought and management style running those two competitors. Home Depot is ahead of the game. Lowe’s is playing catch-up. I believe now would be a great time to short Lowe’s

As one whos position just got eliminated, it's rather disheartening that someone actually said is was so more people could be on the sales floor. I assisted customers everyday due to being so visible, and loved it. But now I'm not helping any customers. Thanks for 4 years, but I'm looking forward to the new door that has just opened up for me.

That’s very sad especially in this booming economy. It’s time for these large companies to be accountable to the large amount of people they hire . I remember when small hardware stores were closing due to Lowe’s and Home Depot massive stores, pricing and inventory, the hardware stores couldn’t keep up. Lowe’s and Home Depot can ruin the economy with these lay offs.