Location: New York, NY, USA.
Department affected: Factory Jobs.
Based on news reporting.
S&P Global Inc. has announced significant job cuts affecting approximately 300 employees in its factory division, coinciding with strong growth indicated by the June PMI. The layoffs are part of a broader trend in the manufacturing sector, which is experiencing a reduction in workforce due to economic pressures. The company aims to streamline operations and adjust to changing market conditions. These layoffs are expected to take effect by the end of June 2023, reflecting the ongoing challenges faced by the industry. S&P Global's decision underscores the need for companies to adapt to fluctuating demand and operational efficiencies.
S&P Global Inc. cut 300 jobs affecting its Factory Jobs team as of June 30, 2023.
That is roughly 0.7% of the 40,450 people S&P Global Inc. employs.
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