(Following my previous post on companies announcing layoffs)
The layoff announcements keep coming, and will probably keep coming over the next 6 months. Some notable ones:
I had already chronicled how Caterpillar was cutting pay to manage costs. Well, turns out they should have waited a bit... the cost cutting continues, with another 5,000 layoffs announced (in addition to 2,500 full-time and 8,000 contract employees having already been asked to leave).
UAL, United Airlines' parent, is laying off 1,000 people - it had recently (Q4 of 2008) laid off 1,500.
Sprint Nextel is cutting 8,000 jobs. Ouch! I blame their tv ads (I hate the Sprint, and the Verizon ads).
Posts
No comments:
Post a Comment