After the US Manufacturing PMI plunged to 7 year lows today, we thought it relevant to remind everyone just how robust the economy is by showing the 10 companies that have cut jobs so far in 2016.
The Fiscal Times has compiled a list of 20 companies – here are the top ten “fiction peddlers” ignoring President Obama’s rhetoric…
1) National Oilwell Varco: 17,850
2) Wal-Mart: 16,000
3) Schlumberger: 12,500
4) Intel: 12,000
5) Halliburton: 10,200
6) Dell: 10,000
7) Chevron: 7,500
8) Buffets: 6,000
9) DuPont: 6,000
10) Weatherford International: 6,000
Not surprisingly the list is dominated by the tech and energy sectors, but those will bounce back in the second half of the year as growth pics up… right?
via http://ift.tt/1TSjjnz Tyler Durden