Home Depot Cuts Jobs, Orders Staff to Office 5 Days a Week (1)

Home Depot Inc. is cutting jobs across several teams and requiring corporate staff to return to the office, as the world’s largest home-improvement retailer contends with a slowdown in business caused by the frozen housing market.

The company is eliminating roles associated with its store support center and mandating a five-day in-office schedule for corporate workers, a spokesman confirmed to Bloomberg News. The goal is to drive “greater agility” and help the retailer move faster, the company spokesman said.

Stubbornly high interest rates have prompted US consumers to hit pause on big-ticket purchases and housing projects that require financing. That ...