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…