Tyson Foods cuts 500 jobs, misses quarterly sales estimates

Tyson Foods cuts 500 jobs, misses quarterly sales estimates

Tyson Foods Inc reported lower-than-expected quarterly sales on Thursday and announced that 500 jobs will be eliminated as part of a restructuring. Net sales increased 6.1% to $10,815 million missing the estimate of $11,115 million. Shares fell 3% and hit their lowest in more than three months after the news.

Simone
Simone
Individual > collective
Individual > collective 1 months

Fuck factory farming, tragic for those without income now but that job probably wasn't the best and it's the worst source of meat short of picking it off of roadkill

James Smith
James Smith 1 months

chickens however view this as a positive

John Wilson
John Wilson 1 months

my guess is they fire 500 legals to get 500 not so legals. https://www.npr.org/templates/story/story.php?storyId=7029375 Tyson Foods Faces Suit over Illegal Workers

Paul C
Paul C 1 months

Sorry in advance... That's a lot of chickens that won't get choked!

Jeff Fisher
Jeff Fisher 1 months

I live about 20 miles from their headquarters. With the eb and flo of other huge companies like Walmart and JB Hunt also in the area and unemploymen much lower than most of the country, that number will be absorbed easily.

Fin
Fin 1 months

That's what bout 2 million jobs lost this year... But hey it's nothing right unless u are one in group of now pink slipped

dan
dan 1 months

When they started shipping chickens to china to be processed i stopped buying there stuff. I imagine I'm not the only 1

mantico
mantico 1 months

This is what capitalism does. Company doesn’t make its projected profit margin. Cut all the jobs to make up for the loss in profit. Give shareholders increased dividends and executives raises/bonuses. Which only help out a few people. Because the top 10% wealthiest people in America own 80% of the stocks.

elimination chamber
elimination chamber 1 months

another empty Trump promise. let's get a real leader in the WH

IvoryDove
IvoryDove 1 months

Most people today don't know... Prior to Bill Clinton getting elected from his home state of Arkansas, Tyson Chicken was a little podunk producer of chicken in Arkansas. This goes to show how cronyism really pays off. Their guy gets elected (with big campaign donations from Tyson) and suddenly regulations change that help them go national and soon they are "Tyson Foods" and a multi billion dollar company.

Barry
Barry 1 months

prolly cause Perdue is better

Howdy
Howdy 1 months

they also had a big recall on some products recently. (year or so)

Roamer MGTOW
Roamer MGTOW 1 months

tyson food sucks anyways.

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