As the financial turmoil continues, many high-profile companies have recently announced massive layoffs to be conducted in the next couple of months. Many employees fear they could be part of the thousands of job cuts. Below is a recap of some of the high-profile job cut announcements.
GDP Shrinks
The Commerce Department reported today that the GDP - the broadest measure of economic health- fell at an annual rate of 0.3 percent in the July-September period…. Keep clicking to see more news about how companies are reacting to the downturn…
GDP Shrinks
The Commerce Department reported today that the GDP - the broadest measure of economic health- fell at an annual rate of 0.3 percent in the July-September period…. Keep clicking to see more news about how companies are reacting to the downturn…
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Companies Lay Off Thousands... Qwest
Qwest revealed that its profit has dropped and it will cut 1,200 jobs.
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Yahoo
Yahoo's profit is down too, and it will cut 1,500 jobs, the company announced.
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eBay
eBay is cutting about 1,600 jobs, or 10 percent of its workforce.
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Barclay's
After taking over Lehman Brothers, Barclay's announced it will cut around 3,000 jobs.
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Whirlpool
Whirlpool will cut 5,000 jobs by the end of 2009.
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Chrysler
Chrysler announced it would cut as many as 5,000 jobs.
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Wall Street
Wall Street layoffs have passed 110,000 this year and could could surge past 200,000.
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