PulteGroup To Lay Off, Furlough Employees; Sees Q2 Charge Of About $10 Mln

PulteGroup, Inc. (PHM) on Monday provided an update on actions it has taken in response to the COVID-19 pandemic. The home builder plans to reduce its targeted overhead expense through a combination of layoffs, furloughs and other cost cutting initiatives, and expects to incur a second-quarter charge of about $10 million for severance and related expenses.

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