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.
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11:56:52 AM UTC
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US-based employers announced 52,881 job cuts in August, down 38% - Challenger Gray
Consumer products led August cuts with 10,057, driven by reductions at Procter & Gamble and Estée Lauder. Food producers followed with 7,982, with Tyson accounting for nearly a third amid a historic cattle shortage. Technology recorded 6,103 cuts, while financial firms announced 4,286. Communications and retail were also among the sectors reporting job reductions.