Friday, January 30, 2009

Latest Rounds Of Job Layoffs

Caterpillar: 21,200 jobs

Eastman Kodak: 3,500 to 4,500 jobs

Cessna Aircraft: 2,000 more jobs for a total of 4,600 jobs

StarBucks: 7,000 more jobs (Jan. 28th)

Boeing: 10,000 jobs (Jan. 28th)

Target: 9 percent of its headquarters staff, shut a distribution center in Little Rock, Ark, impose a salary freeze for senior management and reduce planned store openings. (Jan 27th)

Corning: 3,500 jobs (Jan 27th)

Texas Instruments: 3,600 jobs (Jan 26th)

General Motors: Cutting shifts at 2 factories for roughly 2,000 job cuts.

Home Depot: 7,000 jobs and closing Expo Design chain.

Sprint-Nextel: 8,000 jobs

Pfizer: Pfizer announced Jan. 26 it will lay off 8,000 workers now, and as many as 12,000 more later, as it buys competitor Wyeth for $68 billion.

Harley-Davidson: Scaling back 1,100 jobs over 2 years.

Microsoft: 5,000 jobs over the next 18 months (Jan 23rd)

Huntsman Corp: (Chemical company) 1,175 job cuts by the end of this year (Jan 22)

United Airlines: 1,000 more jobs (Jan 22)

Williams-Sonoma: Williams-Sonoma announced Jan. 21 that it would cut 1,400 jobs, close a call center in Camp Hill, Penn., and a distribution facility in Memphis, Tenn.

Intel: As many as 6,000 job cuts (Jan 21)

bhpbilliton: (Mining) 6,000 jobs (Jan 21)

Yankee Candle: 330 jobs (Jan 21)

Ericsson: 5,000 jobs (Jan 21)

Eaton Corp.: 5,200 jobs (Jan 20)

Clear Channel Communications: 1,850 jobs (Jan 20th)

Warner Brothers: 800 jobs (Jan 20th)

Bose: 1,000 jobs (Jan 20th)

General Electric: Announcement to employees of intended layoffs, no public disclosure of how many, employs 75,000 people

Advanced Micro Devices: 1,100 workers (Jan 16th) - 9% of workforce

Hertz: 4,000 jobs (Jan 16th)

Wellpoint: (Health Insurer) 1,500 jobs (Jan 16th)

Saks Fifth Avenue: 1,100 Jobs (Jan 15th)

Google: 100 recruiting jobs (Jan 15th)

Delta Air Lines: 2,000 jobs (Jan. 15th)

Motorola: 4,000 more jobs (Jan 15th)

Neiman Marcus: 375 jobs (Jan 13th)

Seagate Technology: (Manufacturer of hard drives) 10% of workforce (no actual numbers given) (Jan 12th)

Walgreens: 1,000 corporate management jobs

EMC Corp: (World's largest manufacturer of external disc drives) 2,400 (Jan 7)

Alcoa: 13,500 jobs (Jan 6th)

That was the list for this year. There were more for the end of last year, but you get the picture. This is billions of dollars of lost employment wages - at least. All of these people are being or will be sent out into the cold - and then what? What is going to happen to those people? What is already happening to those that have already lost their jobs?

Where is this all going to end? I was thinking maybe I better go buy myself another large tent and camping equipment - might have to live in it someday. Our company continues to lay off people in smaller numbers, freeze on hiring and not replacing those that quit for whatever reason.

Just a little look at the reality going on in our little world.

5 comments:

  1. it's a vicious circle... all those people can no longer to buy stuff, which means no consumers, production drops, more companies fold. And who is left to the work at those companies? By laying people off, they are actually killing the hand that feeds them... the consumers!!

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  2. WE have been thru it before. At least our parents have. It helps to explain why they are the way they are.

    Without a doubt, greed and stupidity have brought this once-great country to its knees. From the top to the bottom, people have acted thoughtlessly, carelessly and irresponsibly with respect to their money and wasting of resources. I doubt you will ever need to camp in a tent, but you may well end up with three transients.

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  3. Dorrie:
    I'm pretty sure all of these companies understand that - yet - what are they going to do? It's either cut jobs or go out of business altogether, from what I can see of it. Like you say, a vicious cycle that - well it's got to end somewhere.

    Fin: My mother certainly has been through it and she lives her life as if it's going to happen again any day now.
    If I end up with 3, 3 it is. Operate a friggin' hotel here.

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  4. A hotel in which you have equity and are not apt to get thrown out of for leaving dirty dishes on the counter.

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