MOORESVILLE, N.C. — Lowe’s announced Wednesday that the company laid off 125 employees from their information technology department.
Most of the eliminated IT positions were located in the Mooresville office. Β Lowe’s said they are providing support to help the impacted employees and offering competitive severance pay and access to outplacement resources.
Lowe’s said the company will remain one of North Carolina’s top three largest employers.
Read their full statement:
βTo position Loweβs for the future in an ever-changing retail environment, we must effectively leverage the talents of our diverse, global workforce by aligning the right resources in the right places to deliver on our strategy. After a careful review of our global capabilities, we made the difficult decision to eliminate approximately 125 IT positions, primarily from our Mooresville office.
We will provide support to help our impacted employees make the transition to new employment, including competitive severance pay and access to outplacement resources.
Following todayβs actions, Loweβs will remain one of North Carolinaβs top three largest employers. As we look to the future, we will continue to evaluate where we invest technology resources to support the changing needs of customers.β
