Despite the GDP revision and the unemployment numbers, which were pretty bad, today wasn’t a bad day. Even the jobs headlines gave a respite. Not great, but better than a few days we’ve had recently:
Google to Cut About 200 Jobs in Sales and Marketing — This is a sensible move by the company.
New York Times plans temporary pay cut, layoffs — 100 non-newsroom staff jobs in the industry that seems to have been walloped.
Heidelberger Druck to Cut About 2,500 More Jobs in Cost Drive — This doesn’t surprise you. “But wait,” you say, “I’ve never heard of this company before.” The Heidelberg, Germany-based company is the world’s largest maker of printing presses. “Ohhhh,” you say.
GM Says 7,500 UAW Union Members to Take Buyout Offers — That’s 1,500 more than the GM contribution to the last headline I posted (which had the total from the automakers at 10,000). That’s 1,500 people who got paid to be terminated instead of being cut. I call that a big positive.
That’s it for today. Things are still crumbling. Slowly.
