Companies

Mastercard, Dow Add to Recent Batch of Layoffs

Amazon and UPS are some of the other major companies announcing job cuts.
Mastercard, Dow Add to Recent Batch of Layoffs
File photo showing Mastercard and Visa credit cards in Zelienople, Pa., on Feb. 20, 2019. AP Photo/Keith Srakocic, File
Andrew Moran
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Credit card giant Mastercard Inc. and chemical conglomerate Dow Inc. have announced new layoffs, adding to growing worker anxiety in the U.S. labor market.

A strategic business review of its operations will result in the cutting of 4 percent of its global workforce, Mastercard said in a Jan. 29 earnings call with analysts.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."