Monday, January 26, 2009

Layoff Today

1. Texas Instrument: 12% = 3,400 jobs
2. IBM: 2,800 jobs
3. Caterpillar: 20,000
4. Sprint: 8,000
5. Pfizer: 19,000 = 10%, does not include merge with Wyeth
6. Home Depot: 7,000
7. Phillips: 6,000

Bloomberg reports 74,000 job cuts today alone. Before today, at least 15 companies announced they planned to eliminate 93,000 positions so far in January.

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