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Major U.S. Companies Are Slashing Jobs at a Staggering Pace – RedState

We are just two months into 2024, yet dozens of major U.S. companies have cut hundreds of thousands of jobs as Joe Biden and the liberal media attempt to convince you that the economy is booming. 

Among the largest companies to cut their workforces are Amazon, BlackRock, Nike and Citigroup, ranging from hundreds to tens of thousands of layoffs aimed at tightening their belts amid challenging economic conditions. 

One of the biggest restructuring operations is taking place at Citigroup, which has slashed 20,000 jobs after suffering a “very disappointing” final quarter of 2023. Executives hope the move will save the company $2.5 billion.

Also making serious cutbacks is Nike, which is cutting around two percent of its 84,000 global workforce as part of a $2 billion cost-cutting operation. 

PayPal, which has seen its stock price fall by around 80 percent since its height in 2021, is…

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