Bloody Monday: Over 71,400 jobs lost

[Lunican]

Bloody Monday: Over 71,400 jobs lost

Seven companies announce massive job cuts in a scary start to the week.

NEW YORK (CNNMoney.com) -- The final week of January began with a bloodbath for the job market, as over 71,400 more cuts were announced on Monday alone.

At least six companies from manufacturing and service industries announced cost-cutting initiatives that included slashing thousands of jobs.

More than 200,000 job cuts have been announced so far this year, according to company reports. Nearly 2.6 million jobs were lost over 2008, the highest yearly job-loss total since 1945.

http://money.cnn.com/2009/01/26/news/economy/job_cuts/index.htm

[Lunican]

More than 10,000 job cuts announced Tuesday

The bloodletting for the U.S. job market continues as companies across the economic spectrum announce a slew of workforce reductions.

NEW YORK (CNNMoney.com) -- The job market continued to take a beating Tuesday, as six companies across several industries announced more than 10,000 job cuts Tuesday.

The huge number of job cuts pales only in comparison to Monday's statistics: seven companies issued job cut announcements totaling more than 71,400 layoffs.

In January alone, companies have announced more 210,000 job cuts.

http://money.cnn.com/2009/01/27/news/economy/tuesday_jobs/index.htm?cnn=yes

[Arsenal]

Yikes!  And I don't think cuts of less than 60 employees are included in those numbers. 

[thelakelander]

Add potentially 6,700 more job losses to the list.

Starbucks to close more stores, cut more jobs

SEATTLE - Starbucks is reporting that its profit dropped 69 percent in its fiscal first quarter and it plans to close more stores and cut more jobs.

The company says it will close 300 underperforming stores in addition to the 600 it already planned to close in the U.S.

The closures could result in the loss of 6,000 jobs. Starbucks will also lay off about 700 non-store employees.

http://www.sun-sentinel.com/business/sfl-0128starbucks,0,3275700.story

[thelakelander]

Allstate cutting 1,000 jobs in Financial division; impact on Jacksonville unknown

http://www.jacksonville.com/business/2009-01-29/story/allstate_cutting_1_000_jobs_in_financial_division_impact_on_jacksonville_u

[thelakelander]

Starbucks job cuts to affect Jacksonville

http://jacksonville.bizjournals.com/jacksonville/stories/2009/01/26/daily43.html

[Lunican]

Macy's cutting 7,000 jobs

Department store chain said the job action affects 4% of the company's total workforce.

NEW YORK (CNNMoney.com) -- Macy's Inc. said Monday that it's cutting 7,000 jobs - including 5,100 in its stores - and centralizing some of its corporate operations in an effort to reduce costs amid an increasingly difficult retail environment.

The company also projected earnings for the fiscal year just beginning that are well below analysts' estimates.

Macy's shares fell 7% in afternoon trading.

http://money.cnn.com//2009/02/02/news/companies/macys/index.htm

[Lunican]

Home Depot slashes 7,000 jobs

Thousands more look for new work as the top home improvement retailer shuts down its EXPO high-end business.

http://money.cnn.com/video/#/video/news/2009/01/26/news.homedepot.012608.cnnmoney

[Jason]

You're all doom and gloom these days Lunican.

[Lunican]

Well here is some good news. The title of the first article in this thread was changed to, "Bloody Monday: Over 65,400 jobs lost"

Previously it was 71,400.