Wednesday, January 28, 2009

Job cuts.

It's getting insane the number of companies that are announcing job cuts during this recession. The economy is extremely bad, right not, and there is no way to know how long it'll take for it to bounce back.

The largest job cut announcement was just this past Monday, which was said to be 65,925 total.

Among those companies in the announcement were...

-Caterpilla (20,000)
-Pfizer (19,000)
-Sprint Nextel (8,000)
-Home Depot (7,000)
-Philips Electronics (6,000)

Just to name a few.

As of yesterday, 138,252 total jobs have been eliminated. We're still in January. 337,625 since November 1st, 2008.

Simply scary.

1 comment:

DG said...

and because of all these job cuts I get bombarded with work...UGHHH!!! yes this sucks.