Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
Last updated: 2026-06-24 12:27:14 ET
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
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The company is also eliminating a production shift at its Arizona factory to align "production plans with anticipated demand."
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