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To: Dealer who wrote (46248)1/12/2002 5:16:23 PM
From: Sully-  Read Replies (2) | Respond to of 65232
 
Forbes.com Layoff Tracker Surpasses 1M Mark

By Penelope Patsuris

It's a new year, but it doesn't look like corporate America intends to bury the hatchet that it used throughout 2001 to ax employees. Just weeks into 2002, the Forbes.com Layoff Tracker, which was launched Jan. 1, 2001, and tracks pink slips issued by companies on the Forbes 500s, has surpassed the 1 million mark. That figure actually represents a hefty 4% of the nearly 25 million individuals that the Forbes 500s companies employ.

The milestone was met thanks to cuts from Merrill Lynch , Sears , Verizon and Cigna . And Ford Motor hasn't even made its formal restructuring announcement, which is scheduled for Jan. 11 and is expected to include as many as 20,000 more layoffs at the car manufacturer.

That's a lot of people hitting the bricks--especially if you're one of them. For tips on how to move on and even move up after such a setback, check the Forbes.com Career Resource Center for job-hunting tips and tools as well as articles tracking the latest employment trends. And be sure to bookmark the ongoing Layoff Tracker for a quick reference to the latest big-company layoffs.

biz.yahoo.com