I was reading Tony’s post today and for some reason thought about Jennifer Aniston in the movie, Office Space. Those were the days. I doubt many people are flipping off their bosses now.
Really, really sad times for millions of Americans. 2.6 million jobs lost in 2008. Worst since ‘45. Unemployment close to 8%.
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Compiled from the head lines:
Goodyear: to cut 5,000 jobs
AstraZeneca: 15,000 Layoffs Through 2013
Bon-Ton to cut 1,150 jobs
Kodak announces big layoffs (3500-4500 jobs)
Boeing to Chop 10,000 Jobs
Starbucks to cut 6,700 jobs, close 300 stores
AOL axing 700 jobs in cost-cutting move
Klein says without state help, (New York) DOE could lay off 15,000 educators
Labor Department: Freightliner production shifts from Gaston to Mexico (850 US jobs lost)
Chairman: PPG could cut 4,500 jobs
Rendell projects 1,000 to 2,000 state job cuts
Avery Dennison to Cut 10% of Jobs (3,600) After Sales Decline
Target says it will cut jobs in weak economy
Best Buy to lay off workers
Corning slashes 3,500 jobs
Philips Halts Buyback, Slashes 6,000 jobs
Texas Instruments to shed 3,400 jobs
IBM to cut more than 2,800 jobs
John Deere trims 700 workers
ING Group to Cut 7,000 Jobs
Home Depot to cut 7,000 jobs, exit Expo business
Pfizer to buy Wyeth for $68 billion, cut (8000) jobs
Sprint to eliminate 8,000 jobs
Caterpillar Moves to cut 20,000 Jobs
About.com Study – 2009 retail industry store closings, including chains going out of business:
Circuit City: 567
KB Toys: 461
Goody’s: 287
Van Heusen: 175
Ann Taylor: 117 (by 2010)
Office Depot: 112
Club Libby Lu (Saks): 98
American Greetings: 60
Supervalu: 50
New York and Co.: 50 (over the next five years)
Ruby Tuesday: 40
Famous Footwear: 35
Yankee Candle: 28
Cost Plus: 26
Blue Tulip Gift Shops: 24
Sears: 22
Oneida Ltd.: 20
Gap Inc.: 15
Kira Plastinina: 12
Macy’s: 11
Filene’s: 11
Dillard’s: 8
Dominos: 8
Sweetbay Supermarkets: 7
Applebees: 4
Harry W. Schwartz Bookshops: 4
Good’s Furniture and Flooring: 3
Lane Bryant: 3
P and C Food Markets: 3
Pier One: 3
Virgin Records: 1
2009 retail industry job cuts:
Circuit City: 30,000
KB Toys: 10,915
Goody’s: 9,000
Office Depot: 2,200
Williams-Sonoma: 1,400
Saks Inc.: 1,100
Walgreens: 1,000
Macy’s: 960
Best Buy: 500
Albertson’s: 381
Neiman Marcus: 375
Ethan Allen: 350
Yankee Candle: 332
New York and Co.: 310
Charming Shoppes: 225
Stein Mart: 209
CDW: 190
P and C Food Markets: 164
Cost Plus: 145
Barnes and Noble: 100
Google: 100
Harry W. Schwartz Bookshops: 65
Brown Shoe Co.: 59
Gottschalks: “dozens”