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Jobs to go…

It’s hard to see how the economy is going to improve soon as long as layoff announcements continue to make headlines. It’s unnerving to see that today alone, three companies announced that they will collectively cut a total of 35,000 jobs: Caterpillar (20,000), Sprint (8,000), and Home Depot (7,000).

Oops! Make that 41,000 jobs gone; as I was writing the last sentence, Philips announced it will cut 6,000 jobs.

And that’s just one day…before noon. Who can contemplate spending when that’s what we’re confronted with over our morning coffee?

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