GM is laying off more than 1,000 salaried employees across the globe.Tuesday morning, but missed on sales. The home improvement retailer also cut its full-year outlook, citing weakening spending on do-it-yourself projects and a"pressured macroeconomic environment." It said it expects comparable sales to fall by 3.5% to 4%, worse than its prior forecast for a decline of 2% to 3%. The company also said it now expects total sales of $82.7 billion to $83.
— CNBC's Alex Harring, Hakyung Kim, Melissa Repko, Michael Wayland, Rohan Goswami, Dan Mangan, Kevin Breuninger, Christina Wilkie, Rebecca Picciotto and Josephine Rozzelle contributed to this report.
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