Stanley Black & Decker prepares layoffs, spending cuts; halts M&A activity

Stanley Black & Decker prepares layoffs, spending cuts; halts M&A activity

New Britain-based manufacturing heavyweight Stanley Black & Decker will pull back on acquisitions and reduce “non-essential” staffing, including through layoffs, amid sharp declines in its share price since the outbreak of the COVID-19 virus.

Stanley Black & Decker prepares layoffs, spending cuts; halts M&A

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