Lowe’s has laid off approximately 125 of its corporate technology employees and will move many of their positions to Bangalore, India, according to The Charlotte Observer.
These layoffs are the latest of many staff cuts for Lowe’s, which has eliminated about 3,000 jobs this year.
The latest job reductions had been planned years in advance and were done in an effort to build a global team to best position the company “in this highly competitive 24/7 retail environment,” chief information officer Paul Ramsay says in a memo obtained by The Charlotte Observer. Lowe’s is headquartered in Mooresville, North Carolina, near where the Observer is located.
