Borders story here.
Borders Group will liquidate its remaining assets after efforts to find a buyer fell through, the bookstore chain announced Monday.
The nation's second largest book seller currently operates 399 stores and employs approximately 10,700 workers.
Cisco story here.
Cisco announced plans on Monday to lay off 9% of its workforce and to transfer another 7% of its staff to another company in a sale of one of its businesses.
The networking giant said it would hand out pink slips to 6,500 employees, including 2,100 who volunteered for early retirement packages.
In June, 2011, according to the US government only 18,000 new jobs were created across the US, one of the most horrendous jobs report in this recession. Today, we have lost almost that many jobs: 17,200.
How can this be???!!!!!
ReplyDeleteObama says we are in a recovery! things are looking up! More spending, more taxes and all that!
I think the two stories MUST be 'fake'....
/sarcasm off
By the way, I didn't have the inclination to post it at the time, but about a week ago, huge story on the next wave of layoffs about to be reported: these would the state employees now that the stimulus money is running out.
ReplyDeleteStimulus money went for two things: a) save state employee jobs -- hoping to get through them through the recession; and then when economy picked up, states would do well; that didn't work out; and, b) shovel-ready jobs (and we all know how that worked out).