Did you know 2

Monday, January 26, 2009

Did you know that there was More Than 40,000 Layoffs?


Miserable Monday:

Home Depot, Caterpillar, Sprint Nextel and Pfizer announce cost-cutting plans."Labor reductions are always the most difficult action to take, but many companies are finding it necessary in this environment," Sprint Nextel CEO Dan Hesse said in a statement today.

The nation's third largest wireless carrier will cut 8,000 jobs by the end of March or about 13 percent of its work force.

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Home Depot, Sprint and Caterpillar
Sprint was one of at least four large U.S.-based companies announcing large-scale job cuts. Pfizer, which is buying rival pharmaceutical giant Wyeth for $68 billion, is planning to cut 8,000 jobs, or about 2 percent of its work force.

The closure of Home Depot's high-end EXPO stores, meanwhile, will affect 7,000 employees, or 2 percent of the company's work force. In addition, Home Depot today said it would also institute a salary freeze for company officers. more
Posted by kt merritt at 9:21 PM

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Did you Know

Did you know that the average human brain contains approximately 86 billion neurons? These remarkable cells form intricate networks, allowing us to think, feel, and experience the world around us. Each neuron communicates with others through electrical impulses, creating a symphony of thoughts, memories, and emotions. So next time you ponder life’s mysteries, remember that your brain is orchestrating a cosmic dance of neurons!