Sysco reveals size of workforce cuts due to Covid-19
Houston-based foodservice giant Sysco Corp. (NYSE: SYY) has taken a hit as the coronavirus pandemic has greatly impacted many of its customers, such as restaurants, health care, educational and hospitality facilities.
Since the end of March, the company has reduced its workforce by about 33% through both temporary furloughs and permanent layoffs, Sysco said in its third-quarter 2020 earnings press release. The third quarter of Sysco’s fiscal year 2020 ended March 28.
Sysco had previously disclosed…