Caterpillar, which recently announced over 20,000 layoffs, is announcing some more. Caterpillar will lay off an additional 2,100 employees as demand continues to weaken. This round of announcements increases the total body count by 10%.
Caterpillar is the world’s leading maker of construction and mining equipment. With new housing and building demand falling rapidly, Caterpillar will [...]
After reporting rapidly falling revenues for the fourth quarter of 2008, Boeing has announced that it will lay off 10,000 employees. That is 5500 more employees than Boeing announced it would lay off last week. That is around 6% of the whole company.
Starbucks has announced new plans to close up to 300 stores and cut 6,700 jobs in the upcoming year. Starbucks has stated that they will attempt to offer employees transfers to nearby stores that need help. However, the legendary cafe brand will not be opening as many stores as anticipated next year.
Hello,
This is my first posting on this new blog, Laid Off Nation. It’s my attempt to chronicle these perilous times and provide assistance for those in need.
I am not laid off, though that would make for a nice little backstory. Instead, I want to help my friends and neighbors who are struggling by providing a [...]