10 recent company layoffs - Caterpillar

Caterpillar Announced: Jan. 26 Number of layoffs: 20,000 jobs Reason for the cuts: The world's largest maker of construction and mining machines, which also reported lower-than-expected fourth-quarter earnings, said it was laying off workers to reduce costs in the face of what it predicted would be the weakest year since the end of World War II.
Paul Morse / Los Angeles Times
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