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Companies that fired people after Challenger Gray completed its list for the month-to-date list include Kodak (EK) which let 4,500 people go as its earnings fell. Starbucks (SBUX) cut 6,700 people as it closed 300 stores.Texas Instruments (TXN) will cut 3,400 people due to falling sales. IBM (IBM) reportedly cut 4,000 people. Corning (GLW) said it will fire 3,500 people.

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Member Comments

  • Posted By: sideline @ 02/08/2009 1:11:23 PM

    There are two of you that hit the problem right on the head. People! Read comments made by Twinhit and Logicbot both posted on 2/4/09 to get a grasp on our main economic problems. One by logicbot touch base on the unfair trade balances that have existed since the 70's and have basicaly been allowed to go on till the present. We need to level the playing field before we compete on a global scale again. The comments of Twinhit is more to the current situation we all find ourselves in. He talks about the political singleminded greed and corruption of our government who play to the interest of the wealthy and powerful and big corporation by letting them go unchecked in their dealings with the public. Enron should have been a wake up call. Fannie Mae, Freddie Mac who gave them the go ahead to be stupid? There go the housing and the banks. Before we had the government regulating our main manufacturing plants with agencies such as EPA, OSHA. Now we have a new president that wants to punish the very people that are trying to keep our country strong by taxing them to defeat. The business owners (they make over $250K a year) who keep us working!
    People We need to adopt Reagan's principles again but on a grander scale. Instead of less government, how about no government. We voted them in we can vote them out. Lets start over again with a new democracy. Their are some very smart and honest people out there that will do what it takes to get this country turned around again and not take years to do it. Some one suggested instead of just throwing peoples tax dollars at it, to stimulate the economy lets have a tax break of 30 to 60 days where no employment tax was taken out of paychecks, so forth and so on. That would stimulate the economy the people them selves. Pretty smart guy there. What we are trying to say is Government is whats making it too hard to get back on track. This problem we are having now took 30 years to make but took the recent trend to start the decline downward.

  • Posted By: TheTalentArchitect @ 02/06/2009 1:32:49 PM

    This is so incredibly frustrating for hard working people who are just trying to sort out the next steps in their careers. As a career coach, I am continually perplexed by the lack of good career building resources. The best internet destination I've found is Career Connection Network (http://www.careerconnectionnetwork.com), but it is a brand new site, just trying to get off the ground, which takes capital. Workers unite! We don't have to wait for the government to save us. Each of us can make a difference in this economy right now, by looking for ways to help someone in our network. Leverage your LinkedIn page, your FaceBook page, your Twitter postings, to create social capital to create economic momentum. Join a new network; write a blog; share a job lead. A little push from all of us can get this vehicle moving again.

  • Posted By: Coventry @ 02/05/2009 8:21:38 AM

    Layoff, in its truest sense of the word, is the temporary furloughing of workers with the very real intention of calling them back to work at some point. Today's "layoffs" are a euphemism for mass firings.

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