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Stocks Drop for Whirlpool While Cutting 1,000 Jobs

Whirlpool Corporation recently announced workforce reductions of 1,000 people globally, initially targeting office staff, amid a backdrop of shifting market dynamics. The company, grappling with sluggish demand and escalating manufacturing costs, witnessed a precipitous decline in its stock value, plummeting by over 11% following the news. CFO Jim Peters cited...
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