Survey: 39 Percent Of Companies Expect 'Significant' Layoffs

[babylonsister]

Layoffs Keep Growing—Is Your Firm On the List?


Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.

Among those announcing layoffs were Dow components Caterpillar, which plans on cutting a record 20,000 jobs, and General Motors, laying off 2,000 workers.

Other major names included Sprint Nextel, which is cutting up to 8,000 jobs, and Home Depot, which is laying off 7,000 positions on fears that 2009 would be a difficult year.

According to the survey released Monday by the National Association for Business Economics, 2009 will be another lousy year for workers, with more companies expecting to cut payrolls in the months ahead.

Thirty-nine percent predicted job reductions through attrition or "significant" layoffs over the next six months, up from 32 percent in the previous survey in October. Around 45 percent in the current survey anticipated no change in hiring plans, while roughly 17 percent thought hiring would increase.

more...

http://www.cnbc.com//id/28855731

[CatholicEdHead]

1. Ouch

[nadinbrzezinski]

2. Some of us even said this train wreck was coming

and were laughed at for a long time

Well fellow members of the Cassandra club, I hate to be right, don't know about you

[TahitiNut]

3. "Cassandra club" .... yes, that's an apt metaphor.

When the barnyard is full of Chicken Littles wearing tinfoil hats, the voices of those looking at REAL problems are drowned out. When you're standing in the mine shaft with dead canaries at your feet, it's sometimes tough to get the attention of obsessive miners who hate birds. "Birds just don't have what it takes!" The "I've Go Mine" brigade seem too fucking stupid to comprehend that it's their turn next.

[nadinbrzezinski]

5. Yep... chicken littles

granted with some of the chicken little I shared some fears, but the economy... some of us saw it coming for the same structural reasons

Funny thing, we went to see my dad's financial advisor... who I told a year ago this was coming down the pike... well he could not see it

He said, I am an engineer my mind does not work this way.

My mind is that of a historian and some of us saw the patterns

By the way we also saw the patterns for a fascist take over... me... not taking my eye off that one just YET.

I heard an interesting rumor... after Rove floated the we will not leave meme for 12 hours about five months ago... the military let them know in many subtle and not so subtle ways that they'd defend the Constitution... given that happened after 9.11 with internment I have no doubt something to that effect did transpire... why bushco looked freaked the other day

By the way the hate the military brigade will not get it, but all that training at civilian institutions of higher learning did bear fruit, if you get what I mean.

[stillcool]

4. Obviously we need ..

not less, but more of Bush's tax cuts. Look at how well they've worked so far!