Two more pieces of not very happy news: the Greensboro News & Record is instituting wage freezes and mandating all full and part time employees take five days of unpaid leave this year, and Lincoln Financial, which has offices in Greensboro, is cutting 540 jobs overall but hasn't said how many in Greensboro.
Sprint is cutting 8,000 jobs, Home Depot is cutting 7,000 and Caterpillar is lopping off 20,000. No telling how many of those jobs will affect the Triad, but the Caterpillar announcement could be significant since the company has operations in Clayton and Sanford. Home Depot says their job cuts will be in support functions, not customer facing positions in stores so there may not be much effect of the cuts seen here. Sprint? Who knows.
Related: Forbes.com has a layoff tracker for the 500 largest publicly traded companies in the US. Current number as I type this is 330,815.
Discover more from Befuddled
Subscribe to get the latest posts sent to your email.
Befuddled 