Earnings: Corporate America Focuses on Layoffs and Cost Cuts, Not Growth – Bloomberg

Earnings: Corporate America Focuses on Layoffs and Cost Cuts, Not Growth – Bloomberg

Wall Street’s worries about Corporate America’s dwindling profit margins appear to have made their way to the C-suite based on earnings reports so far this quarter.

https://www.bloomberg.com/news/articles/2023-05-01/corporate-america-focuses-on-cost-cuts-and-layoffs-not-growth?srnd=premium&sref=pUXAWVJ1#msdynttrid=EZIo_u513FOuCDKv6NCr0Jmtfa0q-1jYFrLeODepMOo&leadSource=uverify%20wall