Home Depot lays off 500

Atlanta Constitution Journal reports:

The Home Depot announced today a layoff of 10 percent of its Atlanta headquarters.
Roughly 500 of the 5,000 employees here were told by their managers that they would be let go as part of the company’s response to a chill in homebuilding and a slowing of the overall economy.
“We have been pretty clear that we are operating in a tough business environment,” said corporate spokesman Ron DeFeo.”We see that continuing in 2008.”