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The following is a list of layoff announcements in 2008. It is as over-whelming a list as I have ever seen in my lifetime
GM - 3,600 assembly workers immediately and 1,900 in early 2009
Chrysler - 5,000
DHL - 9,500 immediately
American Express - 7,000
Citibank - 17,000
Whirlpool - 5,000
Merrill Lynch - 7,000
WaMu - 5,000 (and counting)
Wachovia - 6,950
Merk Pharma - 17,000
Circuit City - 3,400
Goldman Sachs - 3,200
Yahoo - 1,500
Schering-Plough - 5,500
Pfizer - 20,000
Home Depot - 1,000
There are many, many more that could be added to the list of major US corporations, but just as importly are small business layoffs that number in the hundreds of thousands....
"In September alone, 2,269 employers each laid off 50 people or more, the Bureau of Labor Statistics reported, up sharply from the spring and summer months, and the highest number since September 2001, when the aftermath of the 9/11 attacks coincided with a recession to spook employers. A spike in 2005 was related to Hurricane Katrina."
2,269 x 50 = 113,450 additional layoffs...and that is the minimum number based upon the stipulation of layoffs of 50 or MORE!
Last edited by PatriotsReign; 11-11-2008 at 12:51 PM..
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