Whirlpool Slashing 1,000 Jobs as Part of Cost-Cutting Plan (1)

Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.

The company has completed its first wave of layoffs of office staff and is planning to start another soon, Chief Financial Officer Jim Peters said in an interview. Earlier this year, the company said it was cutting jobs without saying how many. Whirlpool employed 59,000 workers worldwide as of the end of 2023.

Whirlpool stock sank as much as 9.6% in Thursday trading, the biggest drop since October. The company’s shares ...