LAYOFF-O-RAMA going on again across corporate america. All domestic.

Blizzard
Disney
Lockheed Martin
Johnson Controls
IBM - over 2500
Dow Chemical - 900
Ford - 1000
Home Depot - 400

These all happened in the last few days! Nobody is talking about these. This would be front page news if it weren't an election year, and I didn't even list half of them.

List em all. Id like to see em

Crazy part is that these aren't factory jobs, these are high paying jobs, they are cutting into the meat. This will have a much bigger impact than all the factory jobs combined. That may sound trite, but that is the truth of it.

www. dailyjobcuts.com/

This is gonna hurt bammys "we are in a recovery" B.S

Thanks.

Pretty soon we will have a 0% unemployment rate with millions outta work! Gotta love government math.

This means there's less workers to prop up unemployment, or fund the welfare bums.

:way...:

and so it begins

Thanks for the post OP.

It's obvious the MSM wants the fuehrer in the WH for another term...I keep reading articles with references to the 'long gone recession' and how 'wonderful things are'.

On the note you mentioned above: many 'factory' jobs are big dollar positions. A lot of the auto manufacturers had/have people on the assembly floor making $65+ per hour. I think a fresh noob even starts around $22-$24 per hour. And they wonder why they can't make money and why they've lost major market share to foreign auto makers.

I just think it underscores the seriousness of the situation. These are "oh sh|t" scenarios. They dont cut these unless there is no other means. This is pretty much the last shoe... and its a big one.

TSA is hiring !!

I checked out the jobcuts site, it tells it all. They are laying off and firing people at a faster clip than they are hiring.

yep, getting crazy again.

BOA and Wells Fargo have been laying off and sending the jobs to India.

Brace for the blow. A good friend works for Yahoo and has a 1000 square foot house in San Fran that he paid $550k for in 2005. I texted him this morning to wish him well today after I read about the Yahoo layoffs. He was waiting to see what the day would bring. The last time we had a wave of these layoffs it started around August of 2008. The internet was buzzing about the possibility of a stock market crash. Things got freaky real quick. We certainly are not in the condition as a nation that we were in in 2008. People are out of savings. Most households lost a considerable amount of income. We are on the edge after being kicked down the road for 4-5 years. To me the circumstances look very similar to the ones in late summer or 2008 only there is no safety net. All of the crooked cards have been played. Everyone is wise to the game. I am planting a mega garden this year - 50' x 70'. I started 1000s of seeds in Jiffy pots this year so I could get all my friends and family to start or increase their garden.

The ADP report confirmed better services hiring, reporting that 209,000 private sector jobs were created in March.

[link to news.yahoo.com]

If you were doing a good job, that's lousy!

Don't know how you get this from the companies you listed, half of what you listed ARE FACTORY JOBS. Also, I work as an electronics tech in a factory and I can assure you there isn't ANYONE beyond upper mangaement that makes more money at Wal-Mart or Best Buy than the employees do here where I work. Factory jobs, for the most part, pay higher wages and have better benefits than anything Wal-mart or Best Buy offers.

This is just one more drop in the bucket. But the MSM is trying to make us believe that the economy has turned around and everything is great now. BULLSHIT.

The MSM is also trying to say that the housing market has recovered and prices should start to appreciate by years end. BULLSHIT. Existing homes are being bought up by investors. That is what got us into this mess in the first place.

It will come down to one dude with a job, the IRS threatening him with jail if he doesn't pay his 15,000,000% tax rate to fund the government and its debt.

Companies are always going to restructure. They'll put people where the company is headed and take people away from the areas that aren't growing. That's just smart business sense.

If you look, many (if not all) of these companies have job listings posted.

And finally, is it better to cut a handful of jobs or keep everyone around until the entire company goes down and puts everyone on the street?

You don't get it. They are laying off and replacing the positions with cheaper non-domestic help. This is no longer just factory workers, or call center these are the white collar jobs. So now America is hurting for money and these companies that are still treading water or making a profit, send paychecks out of the States.

Now we have, electronics, clothing, automobiles, everything in Walmart, call centers, bankers, communications, etc etc.

Wonder why America is going broke?

As a service to everyone who wishes to review the latest layoffs, here is the link to a website that does just exactly that...keep track.

[link to dailyjobcuts.com]

These are trying times we live in.

Sincerely,

Nikola

AT&T:
“We are reducing some jobs in the parts of our business that are declining, particularly wireline,” said AT&T spokesman Marty Richter. “In the last five years AT&T has lost more than 40 percent of its wired access lines — more than 27 million lines — as consumers increasingly disconnect their home wireline access and rely solely on wireless phones. This shift in our business is driving the shift in our employee base.”

- If more of us would buy what they're selling, they wouldn't have to move people out of those areas.

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Yahoo:
"We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities," Thompson said Wednesday in a statement. "Our goal is to get back to our core purpose – putting our users and advertisers first. And we are moving aggressively to achieve that goal."

- They started out strong and got cocky... hired too many people in too many areas, got owned by companies like Google, and now have to back off.

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Lockheed Martin:
"We will make our best effort to help interested employees find employment elsewhere in the [c]orporation," said Lockheed spokeswoman Lindsay Wilson. "We also expect that many of the affected employees may have the opportunity for employment with the new contract holder."

- The contract expired and they lost the bid on the followup.

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Dow Chemical:
“These actions, while difficult, are in full alignment with our commitment to continually manage our portfolio to adapt to changing and volatile economic conditions, as we are seeing particularly in Western Europe, and to preferentially invest in our fast-growing, technology-rich businesses” Dow CEO Andrew Liveris said in a statement.

- This isn't exclusive to the US.

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See? All of these are practically mandatory business decisions. Sure some of these companies could keep the extra people around, but then they're just hurting their bottom line, their shareholders, and the future of the company (and all its employees) overall.

I turned on Fox News and they were saying how wonderful employment is looking for the private sector as if this was going to take care of the collapse!! just nutz

My guess is your job is not in jeopardy, or you decide who is extra?