MeadWestvaco to cut 10% of its global workforce (2000 workers)
Autodesk Inc. to cut 750 jobs, miss earnings target (10% workforce)
Chemical, Technology, Publishing, Airline, Autos, Manufacturing, Healthcare, Construction.....no industry is immune anymore.....company after company is shedding 10% of its workforces or more....
That pretty much locks in a 17% unemployment rate in the not too distant future....how many more foreclosures do you think that will bring?????? What about financial pressure on government.
We are rapidly spiraling downward right now.....hang on and keep your spirits up!!!!!
And for those of you that think that this is posting the same thing over and over, it is not, these are new companies not mentioned yesterday or the day before,.....it just shows you how drunk you are with the news......you are seeing double!!!!!
May I suggest a Manhatten.....and heck it ain't even 9:00AM here yet.