Investors will be focused on jobs today with the release of payroll
data and unemployment reports. But so far, stocks have largely shrugged
off job cut announcements by large companies in aggregate.There are at least 35 companies in the Standard & Poor’s, including computer chipmakers Intel (INTC) and Texas Instruments (TXN), tech giant Hewlett-Packard (HPQ) and retailer Target (TGT), that have this year announced layoffs, job cuts or plant closures expected to affect workers, according to a USA TODAY analysis of data from S&P Capital IQ, which draws upon multiple sources including local newspapers and company press releases. It’s not necessarily an exhaustive list, but it gives investors an idea of job reductions at big companies and where they’re coming from.
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