Reported about 18 hours ago
Berkshire Hathaway has reduced its workforce by more than 4,000 jobs over the past year while anticipating a record annual operating profit. The company's total employment now stands at approximately 392,000, down from 396,440 last year. Notably, firms like Geico and Precision Castparts have made significant cuts in response to market changes. Despite the job losses, Berkshire reported a record operating profit of $37.35 billion in 2023 and continues to focus on maintaining strong long-term businesses.
Source: YAHOO