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alstry (35.90)

The Layoffs Get Bigger and BIGGER!!!!!!

Recs

12

January 26, 2010 – Comments (1)

GO BENNY GO!!!!!  KEEP TELLING THE FOOLS THERE IS A RECOVERY....... 

The pain of the recession is easing just a bit for Tylenol and Band-Aids maker Johnson & Johnson, which on Tuesday reported a healthy jump in fourth-quarter sales. But J&J still posted its first yearly decline in sales since the Depression, gave a disappointing 2010 profit forecast and saw its stock price fall as a result.

Profit for the October-December quarter also was down, due to sharply lower U.S. sales of some high-margin prescription drugs and a $1.1 billion charge before taxes for its biggest restructuring ever. That program will eliminate up to 8,000 jobs, or nearly 7 percent of the New Brunswick, N.J., company's work force.

8,000 for J&J

13,000 for Verizon

1000 for Home Depot

Bombardier Learjet - 100

After just a year on the job, Borders (BGP) CEO Ron Marshall is leaving the company to become CEO of the supermarket chain A&P, according to The Wall Street Journal. The news comes just one day after the book retailer posted dismal holiday earnings, a few days after fending off reports that it was delaying payments to small publishers, and with up to 15% of Borders' workforce facing layoffs later this week.

15%.......Yahoo reports a full time workforce of 10,500.........plus who knows how many thousands of parttime workers...

Soon you will understand.....in a service economy you need people working/servicing in order to maintain the economy.........Zombulation is designed to destroy employment and thus destroy the economy.

It only gets much worse from here if we don't change policies.

Later this week Siemens reports.....it will likely reveal a large number of layoffs as well.

1 Comments – Post Your Own

#1) On January 26, 2010 at 11:32 PM, alstry (35.90) wrote:

IF THIS RECOVERY CONTINUES MUCH LONGER, PRETTY SOON THE WHOLE COUNTRY WILL BE ON FOOD STAMPS

A record number of Idahoans are receiving food stamps, a sign that the state's economy still struggles.

The Idaho Department of Health and Welfare is processing 9,000 new food stamp applications each month, said Tom Shanahan, a department spokesman. More than 176,600 people are enrolled in the program - more than double the 2007 level.

"We're setting records every month," Shanahan said. "Food stamps are a good indicator of the number of people living near poverty. We're seeing the effects of layoffs and high unemployment."

Idahoans typically are reluctant to accept government aid, and the state has a relatively low rate of eligible people applying for aid. Around 60 percent of eligible people actually apply for aid, Shanahan said. A department official testified to lawmakers last week that 33 percent of people applying for help in the last two years had never applied before.

"Many of them never thought they would," Shanahan said.

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