Defense contractor and airplane manufacturer Boeing is laying off almost 7,000 workers. Social network LinkedIn plans to cut 6% of its workforce of 960 jobs, all in hiring and sales.
Tumbling oil prices have also resulted in job cuts. Schlumberger announced plans to eliminate about 21,000 jobs, while Chevron plans to cut between 10% and 15% of its workforce, which employs 45,000 people globally.
These aren’t the only layoffs that have been announced in recent months, and the list is growing by the day. More and more companies are likely to cut jobs unless more funds from the Paycheck Protection Program are forthcoming. Congress is expected to add additional funding for the program in the next stimulus package.
