The Booming Economy

I haven't listed prominent layoffs recently, but the WSWS has in its article about job losses and foreclosures.

Some notable layoffs:

Chrysler, which announced an additional 1,825 layoffs on Thursday

• Goldman Sachs, which said it will cut 10 percent of its staff, or almost 3,300 jobs

• Pharmaceutical giant Merck, which announced it is shedding 12 percent of its workforce

• Biotechnology company Maxygen, which said it will cut nearly 30 percent of its workforce

• Money manager Janus Capital Group, which is sacking 9 percent of its workforce

• Xerox, which said yesterday it will cut 5 percent of its staff, or 3,000 positions

• Mining equipment maker Terex Corporation, which is laying off hundreds of its workers

• United Parcel Service, which announced plans to cut an unspecified number of jobs next year

• Fidelity National Financial Inc., which announced it will slash 1,000 jobs and cut pay by 10 percent

• Financial services conglomerate Popular Inc., which is cutting 600 jobs and closing more than a quarter of its branches in the US.

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Randroid Alan Greenspan actually admits he made a mistake while the rest of the country regrets the mistake he was EVER fed chairman.