HomeAbout

TL;DR CNBC


Home Depot says it will spend $1 billion to give hourly workers a raise - TL;DR CNBC

Home Depot says it will spend $1 billion to give hourly workers a raise

Publishing timestamp: 2023-02-21 06:59:31


Summary

Home Depot announced it will spend an additional $1 billion to raise hourly employees' wages, joining Walmart in raising wages for its employees. Home Depot's move signals that the labor market is still tight, and other retailers and restaurants are competing for workers. Home Depot's CEO said the investment will help them attract and retain the best talent.


Sentiment: POSITIVE

Tickers: HDCMGAMZNGSWMTGOOGL

Keywords: businessretail industryhome depot incchipotle mexican grill incbreaking news: businesswalmart incbusiness news

Source: https://www.cnbc.com/2023/02/21/home-depot-hourly-workers-raise.html


Developed by Leo Phan