68,000 jobs lost in one day

@ersmommy1 (12600)
United States
January 26, 2009 5:03pm CST
Seven companies announce massive job cuts in a scary start to the week.At least six companies from manufacturing and service industries announced cost-cutting initiatives that included slashing thousands of jobs. It's called Bloody Monday. When do you think things will turn around. http://money.cnn.com/2009/01/26/news/economy/job_cuts/index.htm
1 person likes this
6 responses
• United States
30 Jan 09
I would suppose this goes hand in hand with the map of unemployment I saw in another discussion. I'm not entirely sure how companies can save money but cutting costs. It seems like it would be better to inspire more efficiency from they employees. If you let people go, you will have to hire new people when your finances improve and you wish to expand, right?
• United States
27 Jan 09
O.K. I won't shoot the messenger but I really didn't want to see this. My youngest son has been laid off from his full time Job since 2 weeks before Christmas. Friday they found out that the date for when they find out if they even will be going back to work has been pushed back another week, so now we're talking mid February maybe... Now ya have to give me this article so I found out that his half time job with Home Depot is in jeopardy too. Thanks Not your fault. But it's getting to the point you just want to grab and shake somebody and say "Who's in charge?" and "Fix this now!" sigh
@stephcjh (32328)
• United States
27 Jan 09
I heard about this on the news this evening. It is just terrible. I hope they can get this economy turned around soon. I think things will start to turn around in the next 2-3 months.
@lilybug (21148)
• United States
26 Jan 09
They just updated it. It is now 71,400 jobs lost. That is just crazy. I feel bad for the families of those workers who are losing jobs. I don't know when things will start to turn around, but hopefully it will be soon.
@mtdewgurl74 (18118)
• United States
26 Jan 09
The economy is drowning in debt and people are losing their jobs,homes,cars, and in some cases their kids and family. I wish and hope soon that something can be done to help in keeping this from happening but I know nothing is a quick fix.
@fwidman (11515)
• United States
26 Jan 09
I knew it would get worse before it got better, but *ouch* that's a lot of jobs! It won't get better until Congress quits arguing amongst themselves to see that the nation is going under and quick. I do hope that there is a light at the end of this tunnel