Today’s headlines lack any surprises:
HSBC Said to Plan 1,000 U.K. Job Cuts, Consider Closing Offices — This amounts to almost 2% of their UK personnel. The office closings are targeting administration jobs.
Legg Mason’s Western Bond Unit Eliminates 10% of Jobs — 100 jobs lost due to client redemptions.
New York Threatens 8,900 Firings If Union Rejects Wage Cuts — Many states are having huge shortfalls this year. This problem is still at the beginning stages.
U.S. Automakers Are Said to Near 10,000 UAW Buyouts — Buyouts are far better than layoffs.
Autoliv to Seek $350 Million in Stock Sale, Cuts Jobs — The largest maker of airbags has cut 20%, or 9,000 jobs since June. It’s not clear if these jobs are in Sweden or just the company headquarters.
Finance jobs, state government jobs, and auto jobs. No surprises. That said, don’t you dare grow numb to these headlines.
