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The Biggest Companies Across America Are Cutting Their Workforces
U.S. public companies have cut their white-collar workforces by 3.5% over the past three years, marking a fundamental shift in corporate philosophy that views fewer employees as a path to faster growth. One in five S&P 500 companies now employ fewer people than they did a decade ago, according t...
U.S. public companies have cut their white-collar workforces by 3.5% over the past three years, marking a fundamental shift in corporate philosophy that views fewer employees as a path to faster growth. Amazon CEO Andy Jassy told employees Tuesday that AI will eliminate certain jobs in coming years, while Procter & Gamble announced plans to cut 7,000 positions to create "broader roles and smaller teams." Bank of America reduced its workforce from 285,000 in 2010 to 213,000 today while revenues climbed 18% over the past decade.
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