What is lowes layoffs?

As an AI language model, my training data is up to August 2021, and at that time, there was no recent news of a major layoff at Lowe's, the home improvement retailer in the US. However, Lowe's previously went through a significant restructuring process in 2018, which led to a layoff of around 2,400 full-time workers in corporate and store support roles. This restructuring was part of a broader plan to refocus the company on improving customer experiences and optimizing its operations. Lowe's also announced that it would redirect these savings toward new customer-engagement initiatives such as expanding its online sales capabilities, as well as investing in employees' development and boosting in-store services. Overall, Lowe's tries to strike a balance between managing its costs and providing quality services to its customers and employees.