Layoffs, Layoffs And More Layoffs

(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).