Home Depot cuts back key employee benefit amid customer struggles

Home Depot has been grappling with weak consumer demand amid headwinds from the U.S. housing market. As the company fights to boost sales, it is scaling back a key employee benefit after it recently enacted several bold cost-cutting measures. In the third quarter of 2025, Home Depot’s U.S. comparable sales only increased by 0.1% year over year, according to the company’s most recent earnings report. Also, recent data from Placer.ai showed that foot traffic at Home Depot’s same-store locations fell 0.4% y ...