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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (31450)	2/20/2001 6:59:12 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Layoff's Continue Complements of Greenspeak... cbs.marketwatch.com Layoffs add up Since the start of December, employers have announced almost 300,000 job cuts amid a slowing economy. The manufacturing sector alone accounts for nearly two-thirds of the cuts. Below is a partial list. Latest layoff news 2/15 Nortel ups its toll to 10,000 2/15 Dell to let 1,700 go 2/15 Alltel warns, lays off 1,000 2/14 Goodyear cuts 7,000 jobs Source: Challenger, Gray, Christmas TECHNOLOGY LAYOFFS WorldCom 11,550 Nortel 10,000 Unisys 5,000 Standard Register 2,400 Dell Computer 1,700 Xerox1 800 Engage 550 Digital Broadband Comm. 450 ADC Telecomm. 400 Corel 320 Cambridge Tech. Partners 280 Computer Sciences Corp. 237 General DataComm 200 Convergent Communications 150 Startec Global Comm. 140 Lucent 10,000 Motorola 9,300 Gateway 3,000 Hewlett-Packard 1,700 Alltel 1,000 JDS Uniphase 700 Sony 500 Rhythms NetConnections 450 Juno 325 AT&T Broadband 300 Vitts Networks 270 Perot Systems 200 Neon Software 150 Network Commerce 145 F5 Networks 100 1 5,200 announced last fall INTERNET LAYOFFS Amazon.com 1,300 Etoys 700 Barnesandnoble.com 350 Pets.com2 320 ExciteAtHome 250 AltaVista 200 MVP.com3 166 Drugstore.com 125 Netpliance 93 MarchFirst 1,000 GO.com 400 Ameritrade 330 AllAdvantage.com 250 LetsBuyIt.com 200 LookSmart 172 ECal 140 HomeGrocer.com 100 2 Majority of staff, shutting down 3 Total, shutting down MANUFACTURING LAYOFFS General Electric4 75,000 DaimlerChrysler 26,000 Boeing 8,000 Whirlpool 6,000 Keane 1,000 Honeywell4 50,000 GM 11,100 Sara Lee 7,000 Gillette 2,700 4 Over next 2 years, according to Business Week and other sources; 50,000 of these are from Honeywell. The company disputes the reports. FINANCE LAYOFFS JP Morgan 5,000 PricewaterhouseCoopers 400 Bank of America 100 Aetna 5,000 Prudential Securities 160 MEDIA LAYOFFS AOL Time Warner 2,400 CNN 400 NBCi 150 CNET 190 Entertaindom 200 Quokka 90 RETAIL LAYOFFS Montgomery Ward 28,000 Sears 2,400 Crown Books 450 JC Penney 5,565 Service Merchandise 1,750