Crazy Nut Job
Another Day of Job Cuts

Still waiting. Today’s job cuts were terrible again. The headlines:

  1. UAW to End GM Jobs Bank on Feb. 2, Following Chrysler — Not exactly job cuts, but 1,600 new people collecting unemployment.

  2. SAP to Cut More Than 3,000 Jobs Amid Global Slump — I’m guessing most of these cuts will be in Germany.

  3. Boeing Plans to Cut 10,000 Jobs as Demand Weakens — 4,500 of those job cuts were previously announced, so this isn’t quite as horrible as it appears.

  4. Starbucks to Cut 6,700 Jobs After Earnings Fall 69% — 300 Starbucks bite the dust. 700 of those jobs are corporate jobs. The rest are cafe jobs.

  5. Time Warner to Cut 10% of AOL Jobs, Halt 2009 Raises — 700 jobs.

  6. Wal-Mart’s Asda Says It Plans to Create 7,000 Jobs — Seven thousand…. wait! Did that say “Create?” I’ll bet all of the accountants from the defunct financial service companies are good at a 10-key. I wonder how they feel about becoming cashiers.

  7. CFA Pass Rate Fell For First Exam, Institute Reports — Those who lost their jobs from defunct financial service companies are apparently only qualified to become cashiers.

  8. Allstate Posts $1.1 Billion Loss, Cuts 1,000 Jobs — You’re in good hands with … someone else?

Today was not a good day for jobs. But, hey, the Stimulus Plan passed in the House, though it didn’t get a single Republican vote. Interesting.

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