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Layoff bodycount still growing
According to Forbes Magazine there have been 362,335 layoffs at America's largest 500 companies since November 2008.
ADP said private employers cut 522,000 jobs in January versus a revised 659,000 jobs lost in December. Here's a partial list of worldwide layoffs at major companies just since the beginning of 2009: Layoffs Company ------------------ 50 Abercrombie & Fitch 1,100 Advanced Micro Dev 1,500 AK Steel 13,500 Alcoa 1,300 Ashland 750 Autodesk 500 Best Buy 1,200 Black & Decker 10,000 Boeing 1,000 Bose 2,500 Burlington Santa Fe 22,110 Caterpillar 4,600 Cessna 1,100 Cigna 30,000 Circuit City 1,850 Clear Channel 1,300 ConocoPhillips 3,500 Corning 800 Cummins 622 Deere & Company 2,000 Delta Air Lines 5,200 Eaton 1,000 Ecolab 2,400 EMC 5,000 Ericsson 1,200 Ford Motor Credit 1,550 Freeport-McMoRan 2,137 Freightliner 179 General Dynamics 1,000 General Electric 2,000 General Motors 100 Google 1,100 Harley-Davidson 4,000 Hertz Global 7,000 Home Depot 1,665 Huntsman 2,800 IBM 5,000 Intel 4,500 Kodak 2,500 Lenovo 540 Lincoln National 7,000 Macy's 830 Marshall & Ilsley 70 Masco 2,000 MeadWestvaco 5,000 Microsoft 1,000 Mosaic 4,000 Motorola 1,500 ON Semiconductor 500 Oracle 15,000 Panasonic 19,000 Pfizer 19,500 Pfizer 5,900 PNC Financial 40 Precision Castparts 1,100 Saks 2,950 Seagate 75 Smithfield Foods 16,000 Sony 8,000 Sprint Nextel 400 SPX 6,700 Starbucks 1,300 Sun Microsystems 1,000 Target 3,400 Texas Instruments 1,500 Time Warner 1,000 UAL 230 Union Pacific 1,300 Unisys 50 US Steel 1,000 Walgreen 600 Walt Disney 1,500 Wellpoint 53 Wynn Resorts 275 Xerox --------- 281,926 |
Grim, very grim . . . .
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5 college friends who graduated last year are people in that list.
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Would (should) Circuit City be counted as a Layoff?
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Does the Mustang Ranch do lay-offs?
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Wow that's just from last month!
Scary.....very scary |
JENNIFER COLEMAN, Associated Press Writer
AP Online 08-09-1999 Mustang Ranch Scheduled To Close RENO, Nev. (AP) -- In every other state, it's vice. In Nevada, it's capitalism. So the owner of a brothel just east of the state capital is looking forward to the closure of the Mustang Ranch. ``We're going to take over where the Mustang left off, except in a classy manner,'' Moonlight Bunnyranch manager Dennis Hof said. The Mustang Ranch is scheduled to be forfeited -- and subsequently closed -- to the federal government today. About 75 women will be jobless after the feds take the keys. A jury last month ordered the brothel be turned over to the government following the conviction of former ... |
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Why doesn't the fed take it over like it was a bank? At least we'd get to see who is screwing. |
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They did...........and it failed. No $hit. |
My daughter works for Sony. Here's what actually happened with Sony.
http://www.dmwmedia.com/news/2008/12/09/sony-cut-8,000-jobs%3B-5%25-total-workforce Sony to Cut 8,000 Jobs; 5% of Total Workforce Authored by Mark Hefflinger on December 9, 2008 - 10:55am. Tokyo - Sony (NYSE: SNE) announced on Tuesday that it will cut 8,000 jobs, or about 5% of its global electronics workforce, as part of a plan to reduce costs by $1.1 billion annually amid the economic downturn, the Associated Press reported. The company will also cut an additional 8,000 seasonal and part-time employees; reduce spending on semiconductors and other investments; cease production at various plants; and further outsource production to lower-cost areas. "These initiatives are in response to the sudden and rapid changes in the global economic environment," the company said in a statement. Sony last made a major round of layoffs in 2005, when current CEO Howard Stringer took over and cut some 10,000 Some of these "layoffs" are part time employee or seasonal. Hard to get a true number of full time equivalent jobs lost. None the less, the situation is bad globally....:( |
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You'll see many pink slips there. |
Yup, it's gettin' real naughty ... Welcome to the New American Century! :cool:
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Jeezuz! 19k and 19.5k at Pfizer!
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That's f*cking seriously inept. Let's have them run .... oh .... banking and healthcare. Maybe that's simpler than pimping, I dunno. |
Glad I own my own company - I don't get laid off.
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It's not much but we hired a new salesman to expand our territory on the turf side and 2 new company reps. in western NY and MI on our garden seed side. We're hoping to take advantage of our competitors' "woe is me" doom and gloom and their dropping the ball with their customers.
It may pay off, it may not. But we're not going to have a pity party and let it take its toll. |
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I seriously applaud your company. Let's get out of the B$ and back to work. |
Wait a minute! Nancy Pelosi said it was 500,000 a day! I guess things are getting better!
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I have been noticing sales picking up at my work lately, so things are getting better in my area at least. Now only if Yahoo and Microsoft would each do the second and third phases of their server farms in my area, than that would be great :D
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If it pays off I'll replace the SDL with something nice, if not I have the VW.:D |
Production is slowing where I work, but we have tons of work going on in the tool room...re-builds, new builds etc...Luckily, I work in the tool room!!
Seriousy though, I see things getting worse before they get better. I think I'll start investing in guns and ammo! |
We're still going full-bore. About 4% unemployment and "oil field workers needed" signs on the highways. New home construction has slowed. Permitted multifamily dwellings have not begun construction. I think that's the tightening credit requirements rather than lack of need.
As long as oil is at or above $40/bbl we're okay. Overseas oilfield recruiters are still very actively searching for pushers and experienced derrick hands. Gas prices are a roller coster so the Haynesville drilling in North Louisiana & E Texas has slowed. That will probably affect Shreveport the most. We wont be part of this recession until fuel consumption drops dramatically. So keep those clunkers and SUV's roaring up and down the highways, folks. Do it for the children. |
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