Home Depot announced Monday that it was cutting 7,000 jobs, but Alaska employees and stores won't be cut at all, according to a company spokeswoman.
Home Depot is eliminating EXPO, its high-end decor business, and the 5,000 people who worked for it. It's also cutting another 2,000 employees. All told, the cuts are 2 percent of the company's 300,000-person workforce.
The company said big-ticket design and decor projects weren't doing well, even during the height of the housing boom.
Two years ago, the Georgia-based home improvement chain had 355,000 employees.
Home Depot has three stores in Anchorage, and one each in Wasilla, Fairbanks and Juneau.
The news came on a day when six U.S. companies announced big cuts and nearly 70,000 jobs were lost, according to CNNMoney.com.
That's on top of the 40,000 jobs that were cut last week. Since Jan. 1, nearly 250,000 jobs have been eliminated, according to government statistics.