According to CNN Money: “The job market is off to a terrible start this year, with companies announcing more than 80,000 job losses so far, in one of the most painful symptoms of the ongoing recession.”
Job cuts in January, 2009
Circuit City | 34,000 | Microsoft | ? |
Alcoa | 13,500 | TDK Corp. | 8,000 |
Boeing | 4,500 | Motorola | 4,000 |
Hertz | 4,000 | Honda | 3,100 |
EMC Corp. | 2,400 | Barclay’s | 2,100 |
Cessna | 2,000 | MeadWestvaco Corp. | 2,000 |
WellPoint | 1,500 | Cigna | 1,100 |
Saks Fifth Avenue | 1,100 | Walgreens | 1,000 |
Schlumberger | 1,000 | ING Group | 950 |
Macy’s | 900 | Cummings | 800 |
Autodesk | 750 | Pfizer | 700 |
Logitech | 500 | Oracle | 500 |
Neiman Marcus Groups | 375 | Ethan Allen | 350 |
New Yaork & Co. | 350 | Barnes & Noble | 100 |
100 | World Wrestling Entertainmnet | 60 |
Total: 91,735
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