Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts https://www.cnbc.com/2023/11/03/shipping-giant-maersk-announces-10000-job-cuts-warns-of-volatility.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard #tech #layoffs
I love it, just in time to ship my whole house to asia and live there, they quoted me $25K last year and now $3.5K this is great!
This is really bad sign for other companies as Maersk is weather man of economy!
Which other companies? CONVOY already closed
Why plunge? I thought Wall Street loves layoffs.
Need to fire their CFO. Not have good relationships with the street hurts.