Monday, January 26, 2009

More layoffs announced today and it's only Monday morning

News of the morning is that Caterpillar is cutting 20,000 jobs, Home Depot is cutting 7,000 jobs and exiting the expo business, Pfizer will buy Wyeth for $68 Billion and layoff 19,000 people while closing 5 factories and Starbucks is talking about 1000 additional layoffs at its headquarters, as well. And this is just Monday morning!

Click on any company name and be taken to the story source.

UPDATE: 7:10am PST

Additional layoffs announced are from Sprint, 8,000 jobs, ING, 7,000 jobs, Phillips Electronics 6,000 jobs and GM laying off 2,000 jobs. That is a heck of a start to the week!

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