January 30, 2009

More than 100,000 jobs lost in one week

According to CNNMoney: “The bulk of the job loss news occurred on Monday, when several major U.S. companies announced sweeping job cuts, pushing the day’s total to more than 70,000.”

Top 3 Jobs cutters of this week:

Pfizer (PFE, Fortune 500): -20,000 jobs
Caterpillar (CAT, Fortune 500): -22,110 jobs
Boeing (BA, Fortune 500): -10,000 jobs

  • The U.S. economy lost 2.6 million jobs in 2008. This includes 21,137 mass layoffs (a 7-year high)
  • The Council Board forecast 2 million job losses for 2009.


  1. This seems to be turning into a competition. Who can lay off most? I’d love to read some good news too. Who is hiring?

    Comment by myphotoscout — January 30, 2009 @ 10:55 pm | Reply

  2. These days people are talking mostly about layoffs, hiring freeze, ‘no-bonuses-this year’. Some time will pass before we start see ‘mass hiring!’, ‘thousands of jobs available!’ and all this kinda stuff.
    P.S. NVidia has posted a few engineering openings in Citrix Systems layoff thread.

    Comment by DF — January 30, 2009 @ 11:16 pm | Reply

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