Monday, January 26, 2009

Recession News: 40,000 Jobs Lost Today


New series of posts called "Recession News" as I am completely amazed at the how badly things are going around the world. Some say its the everything coming to and end...I patiently wait, and try and spend and save as much as I can simultaneously. What good is your savings account if everyone is gone. Anyway, with jobs going like hot cakes just having one will be enough to stunt on a motherfu**ah!

WASHINGTON — The recession is killing jobs at an alarming pace, with tens of thousands of new layoffs announced Monday by some of the biggest names in American business _ Pfizer, Caterpillar and Home Depot.

More pink slips, pay freezes and other hits are expected to slam workers in the months ahead as companies desperately look for ways to survive.

...the mounting toll was visible Monday as roughly 40,000 more U.S. workers got the grim news.

Read the rest of the story here.

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