Home Depot is eliminating 800 corporate positions and will require its corporate employees to return to the office five days a week, CEO Ted Decker announced Wednesday in a memo to staff. The moves are part of a broader effort to increase the company's "speed and agility" amid a prolonged slowdown in sales.

The layoffs affect approximately 150 employees at the company's Atlanta headquarters, with the remainder in remote roles largely within the technology organization and other corporate teams. The new five-day in-office mandate is set to begin the week of April 6.

"To extend our industry-leading position, we must position the company to move faster and stay even more closely connected to our customers and frontline associates," Decker stated. He emphasized that in-person engagement is "essential to simplify our business and focus our energy on the priorities ahead."

The restructuring follows a period of weaker-than-expected performance for the home improvement retailer. The company has cited a post-pandemic normalization in demand, with consumers pulling back on major projects due to higher mortgage rates and economic uncertainty. Home Depot has missed Wall Street's earnings expectations for three consecutive quarters.

Despite a challenging year, with shares down about 10% over the past 12 months, the stock has gained roughly 9% year-to-date, outpacing the broader market. The company is scheduled to report its fiscal fourth-quarter earnings on February 24, where investors will look for signs of a demand recovery and further details on the cost-saving initiatives.