Four US companies announce 40,000 job cuts


DALLAS: In the span of just 10 days, four major US companies announced plans for a whopping 40,000 job cuts. And this quarter is the worst since the recession with 79,000 total.

But read beyond the headline numbers because hiring remains strong, and the US government may report this week that unemployment remained at its lowest levels since 2008.

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Business , job cuts , recession , uemploymen , economy

   

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