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- piratearggghhh, on 01/27/2009, -0/+48Wow this is depressing, it seems like every day a company is laying off thousands of employees.
- brandita, on 01/27/2009, -2/+29Home Depot, you can't do it, we can't help.
- depro9, on 01/27/2009, -2/+25My friends father in Chicago lost his job today he had been with Home Depot for over 10 years.
- Tyrghast, on 01/27/2009, -1/+17I got let go from my job and I wish all these soon to be former Home Depot employees the best. It's rough finding jobs, not even the restaurants are hiring...
- jgopp, on 01/27/2009, -1/+16Another day another few thousand unemployed.
This needs to end. - gaboma19, on 01/27/2009, -0/+10I completely forgot the Expo chain existed and I have one in my town.
- zdiggler, on 01/27/2009, -0/+9goto local hardware store.. if they're still around.
- lynchjos, on 01/27/2009, -1/+9It's sad when hard working, dedicated people lose their jobs, but I've got to say that during the real estate "boom years" my local Home Depot employed some of the laziest, obnoxious, ignorant, dolts and it made me cringe to even set foot in the place. Basically the better the housing sector got, the more complacent and apathetic some of these people got.
- terminal157, on 01/27/2009, -0/+8Right. It might sound callous, but this is really not that bad. It could be much worse. I don't think people realize just how massive a company Home Depot is (it's second only to Wal-Mart).
- ibeetle, on 01/27/2009, -1/+9Time to rediscover your local hardware store. You will be amazed at the service you have been missing all to save a few dollars.
While most people are wondering lost up and down endless isles the length of a football field. I am in and out of my local hardware store with what I need in minutes and in most cases payed maybe a dollar or two more than if I had shopped at Home Depot. - atruskot, on 01/27/2009, -0/+8Try Home Depot.
Expo never carried that stuff anyway... - inactive, on 01/27/2009, -0/+7just wander around randomly pressing those call buttons.
- mediaspree, on 01/27/2009, -8/+15Oh good, less incompetant people to not know the answers to my questions about plumbing roaming the aisles.
- Lewie, on 01/27/2009, -0/+6I worked at Home Depot for a couple summers. We actually go through some decent training for being low-paid service. The problem at my Home Depot started when they started hiring fewer people at lower wages. The guys on the floor had too many customers to deal with, and were rarely allowed to take breaks. The guys who knew what they were doing got fed up with with it and left, which brought it people at lower wages who didn't know what they were doing.
As a cashier, you get penalized for things like having long amounts of time between customers. So if it's 10am and there aren't a lot of shoppers, you will get docked points, and eventually have to meet with HR. It was utter *****.
I blame these "cost cutting" measures on Bob Nardelli. Home Depot was a decent place to work at. But I wouldn't go back there now. Well, they probably don't have any job openings anyway.
Home Depot, et al, please look at Costco. *That* is the way to run a company. - DirtyVicar, on 01/27/2009, -4/+9Well, on the bright side this is just 2.1% of their workforce.
- pcpimpster, on 01/27/2009, -0/+5With one checkout aisle where 10 customers are waiting and those so inclined to press a few buttons themselves - check out in a few seconds.
- inactive, on 01/27/2009, -0/+5Okay, seriously though, it's time to stop blaming. We all know our leadership was *****. What we have to do now if focus on the future.
If you have debt, find a way to get rid of it, because interest rates for banks are going up. You see the FED cutting rates, that's only for lending between banks, not for the consumer. If you have a job, keeping working it, be not just average, but better than the guy next to you. Also, network and kiss ass if you have to. Tough times call for desperate measures. - kedohmen, on 01/27/2009, -0/+5The Home Depot here in North Myrtle Beach, SC is closing. Sad, wish I had to money to spend on their sales.
Also, anyone seen the Circuit City going out of business ads? They look like those ads for when people sell crap at the Convention Center's, "Name brands all half off! Nike and Reebok for only $15.99! Sony, Sharp and Sanyo TV's all on sale! Sunday, Sunday, Sunday!!!!!" - TheCash, on 01/27/2009, -0/+5English *****... do you speak it?!
- brandita, on 01/27/2009, -0/+5I've stopped watching the news. I could handle the murders but I mean who wants to hear about murders AND layoffs?
- dikky, on 01/27/2009, -0/+4I'm kind of worried, I work at a home depot and was hired on at $16 an hour. I'm at $17/hr now but sales are down dramatically. I'm not even a supervisor or specialized in any trades, yet I make almost as much as them so I think i'll be one of the first to go.
- inactive, on 01/27/2009, -2/+66)????
7)Profit!! - brandita, on 01/27/2009, -1/+5Hey you can't have low prices and service.
- ricker2005, on 01/27/2009, -0/+4Most businesses that are hiring grunt workers won't call back. It's a simple way to weed out people who don't want the job enough to follow up. Your parents should have told you this at some point.
- SwabTheDeck, on 01/27/2009, -1/+5Even though this seems like bad news, compared to most retailers, Home Depot is on easy street. The reason Mervyn's and Linen's 'n Things went under is because for the first 3 quarters of the year, they're running in the red and have to rely on loans to make payroll and whatnot until the holiday buying season. Since the credit markets started freezing up earlier last year, they couldn't get the loans they needed and had to shutter the whole thing. Home Depot does not operate this way. They have a great deal of cash on hand and only take on very small amounts of short-term debt. They've also been expanding at the break-neck pace of opening a new store every 2 days for the last 5 years or so (~180/yr). Now they're slowing it down to only 12 new stores this year. Even though the now-infamous Bob Nardelli (the guy who's now running the bailout-endowed Chrysler) did a fair amount of damage while he was running HD, things are still very much under control. That's why the stock went up on this news. They're in a market that's highly tied to the success of the housing market and they're still managing to get by. I don't think you'll see them begging Congress for anything anytime soon.
- saucy05, on 01/27/2009, -0/+4How do you stop the cycle?
People get laid-off = less consumers =more people get laid-off...
Obama is trying to pass stimulus package, but will it have enough effect to get us through this? Times are hard so people are more inclined to save any extra money, instead of going on a spending spree. - PacoLugi, on 01/27/2009, -0/+3Not all ideas are good ones. The Expo stores were never doing well.
- inactive, on 01/27/2009, -0/+3If Home Depot was given a tax holiday, I bet that number would be significantly lower.
- saltydawkins, on 01/27/2009, -0/+3It is sad, but I fear the worst is yet to come. To truly fix the economy we need to make some cultural changes as well as restructure how things get done. The road ahead will be perilous for sure, but it will bring us to solid ground.
- inactive, on 01/27/2009, -0/+3Our economy here in the U.S. was based on consumerism. The more people bought, the more companies made. The problem with that is once the debt reached critical mass for everything, people could no longer buy/borrow money to continue consuming at the rate they once could.. and companies had to cut back their growth and start gathering capital in order to survive. People saving their money and not spending it at rates they once were is causing our economy to contract..
- TheCash, on 01/27/2009, -0/+3You mean there was a time when they could?
- themastersb, on 01/27/2009, -0/+3At the rate things are going I won't be able to find a job until after I'm done college... and I don't even start until fall.
- thegreatgazoo, on 01/27/2009, -0/+3I actually liked Expo. They didn't carry garbage products, and if you looked around you could usually find something reasonably priced.
Also, the trick to finding people at Home Depot who are helpful is to ask around and keep a list of names. There are some really sharp people who moonlight there, you just have to know where and when to find them. - zeebo, on 01/27/2009, -0/+3Have companies start getting rid of the executives who are failing. Perhaps some of them will figure out what they were doing wrong and start new businesses which will employ people, and the executives that were left will figure out how to fix their own mess.
In any case, welfare for the rich has to stop. No more bailout money for executives. No more golden parachutes for executives who leave their companies in shambles. No more multi-million dollar bonuses while the rank and file are getting laid off.
Executive earnings need to be more closely tied to the performance of the company. If they do a good job and the company succeeds, then fine let them reap the rewards of that and get rich. But the people who go in expecting huge bonuses no matter what state the company is in have got to go. - JStraum, on 01/27/2009, -0/+3http://www.layoffdaily.com/
- inactive, on 01/27/2009, -0/+3Any good auto parts store for taps and dies.
- atruskot, on 01/27/2009, -0/+3EXPO never really took off like they expected it to. I'm surprised it took this long for all of those stores to close. It's not so much about the economy being in the gutter as it is about the "classy" Home Depot idea never took off...
- Mothrog, on 01/27/2009, -0/+2mrzack only speaks Chingrish.
- djbon2112, on 01/27/2009, -0/+2Phew, I was worried by the headline there, until I read the article and saw it was just EXPO and other stupid spin-off stores. 7021 represent!
- rand0mm0nkey, on 01/27/2009, -0/+2Bob Nardelli ***** this company. They fired him, and Chrysler hired him. That's been going well for them, eh? How does that guy keep getting work?
- hawksfan03, on 01/27/2009, -0/+2i'm not making a joke when I say this. Have him apply at a local menards. There are 15 or so in Chicago and they will not be laying off employees. They are building new stores everywhere and it is a much better work environment that home depot
- cubicledrone, on 01/27/2009, -0/+2Wins the thread.
- inactive, on 01/27/2009, -0/+2I'll take my local hardware store any day over HD or Lowes
- niheelpatel, on 01/27/2009, -1/+3Sad, the people there are always friendly and helpful.
Hopefully they'll be able to get back on their feet soon. - chuckDontSurf, on 01/27/2009, -0/+2Or laid-off people getting murdered?
- chuckDontSurf, on 01/27/2009, -0/+2Body blow! Body blow! Uppercut!
- tmonsta1, on 01/27/2009, -0/+2I guess you're enjoying this recession because you have nothing to lose... 71,000 jobs lost... pfftt. It's not like it was YOUR job.
Fool - shiftless, on 01/27/2009, -1/+3No wonder everyone was so friendly to me last weekend... none of their employees could find anything I was looking for though... Found it myself.
- hawksfan03, on 01/27/2009, -0/+1i know they aren't everywhere but menards has been 15+ new stores a year for the past few years and they are having problems finding enough people to work there, the job is incredibly easy and the pay is magnificent. If Menards goes public, Lowes and Home Depot need to be scared.
- inactive, on 01/28/2009, -0/+1Super happy awesome economic news.
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