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. And finally, Sprint Nextel is eliminating 14 percent of its workforce, or 8,000 jobs. Add another 6,000 to the tally above. Philips Electronics is cutting too.
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The date on that article is Jan 26 2009. Don't know if it is a misprint or not but it seemed out of date which is why I checked.
May be, it's a server's problem. Here is another version of Obama job recovery and it's getting uglier every day. Yes, it happened within 24 hours. If you want to see a longer list of all companies who are sending pink lips, you let me know.OK?
The Home Depot Inc. will layoff 1,000 employees, including 150 at its Atlanta headquarters, and it will pull out of three pilot projects, according to a memo to employees Tuesday afternoon from Chairman and CEO Frank Blake.
The pain of the recession is easing just a bit for Tylenol and Band-Aids maker Johnson & Johnson, which on Tuesday reported a healthy jump in fourth-quarter sales. But J&J still posted its first yearly decline in sales since the Depression, gave a disappointing 2010 profit forecast and saw its stock price fall as a result.
Profit for the October-December quarter also was down, due to sharply lower U.S. sales of some high-margin prescription drugs and a $1.1 billion charge before taxes for its biggest restructuring ever. That program will eliminate up to 8,000 jobs, or nearly 7 percent of the New Brunswick, N.J., company's work force.
Verizon Communications Inc. posted a fourth-quarter loss, said it would cut roughly another 13,000 jobs this year and struck a downbeat note on the economic recovery, even as its wireless arm continued to show growth.
Last edited by NEPatriot; 01-27-2010 at 03:02 PM..