Happy Layoff Day
January 26, 2009
Edit : about 3 seconds after this article was published, it was already outdated … Sprint Nextel just announced they are firing 8,000 people..
Layoffs galore today, tens of thousands of people were cut in the past 6 hours or so…. yes we know.. there is nothing to be happy about. Prior we were criticized for saying this is looking more and more like the great depression, so to nullify these objections we have titled this article “Happy Layoff Day”. The fact that these people have children at home, mortgages to pay for the roof over their head means nothing to these companies.
This is horrific by any measure, because thousands of people losing their job every day is the norm rather than the exception, and for every unemployed individual is another one that can’t buy a car from General Motors or buy something from Home Depot, in short these layoffs are circling back to bite them.
Thousands more jobs cuts were announced Monday. Pharmaceutical giant Pfizer Inc., which is buying rival drugmaker Wyeth in a $68 billion deal, and Sprint Nextel Corp., the country’s third-largest wireless provider, said they each will slash 8,000 jobs. Home Depot Inc., the biggest home improvement retailer in the U.S., will get rid of 7,000 jobs, and General Motors Corp. said it will cut 2,000 jobs at plants in Michigan and Ohio due to slow sales.
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