Can You Spot The Trend?
August 29, 2007
Earthlink lays off half its staff. Nationwide is dumping 39,000 policies in Florida. Interstate Bakeries Corp., the maker of Wonder bread and Hostess Twinkies, said it will exit the bread business in Southern California, cutting about 1300 jobs. General Mills is cutting 500 jobs. Challenger, Gray & Christmas Inc., the consulting firm, said the U.S. financial industry has announced 87,962 job cuts this year, 75 percent more than in all of 2006. Monster.com cuts 800 jobs. Macy’s just wacked 650 jobs.
Keep your eye on it, yeah?
