Faced with weakening revenue, two big companies warned on Tuesday that they would cut jobs as a way of protecting their profits.
DuPont Co said it planned to lay off about 1,500 workers - roughly 2%
of its global headcount - as the chemical company grapples with
weakening demand from the construction and renewable energy sectors.
United Technologies Corp did not specify the magnitude of the cuts it
was considering but said it would raise its full-year restructuring
budget by 20% to $600 million as demand for its military equipment
declines.
Companies Sharpen Job-Cutting Axe | Fox Business
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