Job cuts

Lowe’s Cutting Thousands of U.S. Store Jobs

Lowe’s Co. is laying off thousands of employees at its U.S. stores as it outsources some of their duties to outside companies. The home-improvement chain, based in Mooresville, North Carolina, declined to say exactly how many employees were affected. But The Wall Street Journal reported that thousands of employees were told this week that their jobs were eliminated, which the…

Report: Ford Plans Job Cuts to Boost Profits

The Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price. The newspaper says the cuts would target salaried employees and would reduce Ford’s global headcount by an equivalent of 10 percent. Ford didn’t confirm the report Monday night. In a statement, the company said it’s focused…

Nordstrom to Cut From 350 to 400 Jobs

Nordstrom Inc. says it will be cutting about 350 to 400 jobs as it looks to be more nimble at a time where shoppers are shifting their spending more online. The upscale department store, based in Seattle, says the cuts will be primarily in its corporate center and regional support teams. The process should be completed by the end of…