US employers announce 52,881 job cuts in August
US employers announced 52,881 job cuts in August. Consumer products led with 10,057 cuts, with P&G and Estée Lauder among reductions; food producers reported 7,982 cuts, including Tyson.
Story updates
11:56:52 AM UTC
SquawkNews
US-based employers announced 52,881 job cuts in August, down 38% - Challenger Gray
Consumer products led with 10,057 cuts, driven by reductions at Procter & Gamble and Estée Lauder, while food producers followed with 7,982 cuts, with Tyson accounting for nearly a third amid a historic cattle shortage.
Technology recorded 6,103 cuts, financial firms announced 4,286, and communicat…