Business
Companies lay off workers to save money. What 27 had to say about earnings calls.
AT&T
match group
do they all have in common? They are among several S&P 500 companies that say workforce cuts will help boost their finances this year.
At least 27 U.S. companies with a market capitalization of $10 billion or more have mentioned positive effects from layoffs since the start of the latest earnings season in January, according to the latest report. Barron’s earnings call transcript analysis on Sentieo, a financial analysis platform. If not delivered in the past quarter, companies estimate earnings, margins, or free cash flow will increase from layoffs in the coming year.