I get a lot of scoffs when I mention the similarities to 1929 at work. While even I doubt that unemployment would hit double-digit percentages as a result of the fallout, I've got to wonder when I see so many companies announcing 10% layoffs, before we're even "in recession". Just a few of the biggies.
For whom the bell tolls...
dailynews.yahoo.com
Friday March 23 2:10 PM ET
Company Job Cuts at a Glance
By The Associated Press,
Several major companies have announced job cuts in the past few months, including:
-DaimlerChrysler 26,000
-Motorola: 22,000
-Lucent Technologies: 16,000
-Verizon: 10,000
-Procter & Gamble: 9,600
-Solectron: 8,200
-Sara Lee: 7,000
-Whirlpool: 6,000
-J.C. Penney: 5,300
-Compaq: 5,000
-Xerox: 4,000
-Nortel Networks: 4,000
-Textron: 3,600
-Schawb: 3,400
-Gateway: 3,000
-ShopKo Stores: 2,500
-AOL Time Warner: 2,400
-Standard Register: 2,400
-Sears: 2,400
-Electrolux: 2,000
-Service Merchandise: 1,750
-Hewlett-Packard: 1,700
-Amazon.com: 1,300
-3Com: 1,200
-Freightliner.: 1,085
-Norfolk Southern: 1,000-2,000
Source: Individual companies.
BC |
