Factory job cuts in June neared financial crisis and Covid levels, S&P says

Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.

# Factory job cuts in June neared financial crisis and Covid levels, S&P says Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts. **Read the full article:** [CNBC](https://www.cnbc.com/2026/06/23/factory-job-cuts-reported-around-financial-crisis-and-covid-levels-for-june-sp-says.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*