Here They Come
Jan 28th, 2008 at 8:43 pm by Susie
A big wave of layoffs:
Corporate executives are poised to start making substantial cutbacks in their staffing, according to a new forecast by employment consulting and legal firm Career Protection.
In fact, the firm is predicting a 37% increase in layoffs this year over last, based on a survey of more than 1,300 corporate executives and senior level officials that was conducted earlier this month.
The layoff forecast registers as the worst in the last five years, according to Career Protection officials. They also indicated that the firm has already been “inundated” with inquiries from employees at a number of companies that announced layoffs earlier this month, including Bear Stearns, Chrysler, Citigroup, Ford, Covidien, General Motors, IndyMac and Sprint Nextel.
In the long run if usa does not start producing real goods and stop importing it will not be a surprise to see the entire nation laid off.