Job Cuts 2/18/09
Today Obama announced a homeowners rescue package, and the Fed announced that things are worse than they anticipated. There were also some job cut announcements. Here’s the headlines:
Disney to Reorganize U.S. Theme Parks, Eliminate Jobs — No numbers, but theme park profits are down 24%.
Goodyear Posts $330 Million Loss, to Trim 5,000 Jobs — They had 75,000 employees at the end of last year.
India Companies Cut Half a Million Jobs Amid Economic Downturn — This is over the October/November/December time frame.
That’s really only one new announcement. Not too bad, except for the fact that it’s 5,000 jobs.
