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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