Large Companies Cutting Jobs Signal US Economy Starting to Weaken: Analyst

David Lam
By David Lam
February 20, 2024NTD News Today
share

Nike will cut about 1,700 jobs in an attempt to shed $2 billion in costs, while American Airlines said it’ll lay off 656 employees. Against the backdrop of a jobs report revealing over 8 million Americans working two jobs, NTD interviewed economic analyst Jim Nelles for insights.

 

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.
Comments