The job loss tally so far today: 54,500. Cuts are coming across industries as further weakness in the economy keeps major employers slashing away.
On the same day it agreed to buy rival drugmaker Wyeth, Pfizer said it would cut 15 percent from its combined workforce (that's a bit less than 19,500 jobs). Meanwhile, Caterpillar is faring poorly in the global recession. It's cutting its workforce by 20,000 including 11 percent of its workforce, or 12,000 jobs, and 8,000 contractors. Home Depot, a lingering victim of the downturn in both consumer spending and housing, said it would slash another 7,000 jobs as it shutters its high-end EXPO business. And finally, Sprint Nextel is eliminating 14 percent of its workforce, or 8,000 jobs.
Update: Add another 6,000 to the tally above. Philips Electronics is cutting too.
More Here...
SPOKANE -- Every Papa John's pizza restaurant in the Inland Northwest closed Tuesday without warning and may not reopen for some time.
According to corporate officials at the company's headquarters in Louisville, Kentucky, 12 locations were shut down, all owned by a group called North Country Pizza.
Papa John's officials say all stores in Spokane, Coeur d'Alene, Pullman, Moscow, Yakima, Kennewick, Richland, and Wenatchee closed.
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This is getting crazy. And just so readers out there know, not everyone is getting unemployment extensions. Only the people initially laid off back in 2007 and 2008 are getting all the extensions; those laid off in 2009, especially late in 2009 are not getting jack sh*t.
ReplyDeleteThere are going to be lots of homeless unless Congress passes more extensions.
That comment posted at 9:56 is by me. I forgot to add that I got this info. directly from California EDD. I think the reason they are not extending benefits for those laid off more recently is because they have already run out of money for everyone.
ReplyDeleteIt's going to get brutal.
Oops, meant to say in 9:56 that those laid off in late 2009 are getting jack sh*t. My mistake.
ReplyDeleteThe reason for this, I truly think, is that the state has run out of unemployment funds like many other states.
15% and 11% of the workforce is a large percentage of workers.
ReplyDeleteThis is getting scary now. Papa John's closing too?
I gotta have my Papa John's. This is serious shit. They have the best pizza if you ask me.
ReplyDeleteYou need to give Papa Johns A bailout or all hells gonna break loose.
ReplyDeleteI would give my left nut to save Papa John's, but its in my wife's purse. I'll take it when she sleeping.
ReplyDeleteEveryone needs to read this: Unemployment Benefit Extensions Are A Blatant Lie
ReplyDeletehttp://americaspeaksink.com/2009/12/unemployment-benefit-extensions-are-a-blatant-lie/
I'm thinking that one of the most secure jobs out there right now will be behind the desk at an unemployment agency.
ReplyDelete11:20 I agree, although someone told me that one of the EDD people told him that the workers they are hiring are "welfare moms." No joke.
ReplyDeleteAlso, I've heard the gov. is hiring a lot of tax collectors to go after everyone. So if you're a sadist at heart, that's a good job to go for.
Oh, come now...Let's turn those frowns upside down!
ReplyDeleteSay it togther: THE ECONOMY IS GETTING BETTER
I mean come on...Obama said so himself!
Ahhh...much better.
@10:23-10:29 - good stuff
It's the bankers and the jews! They want to destroy pizza! They have it in for pepporoni thin crust!!!
ReplyDeleteYou know it's bad when Pizza is part of the downward trend. I knew a guy that owned 5 Little Caesars Pizza stores. Four years ago, he told me that his stores were very busy because two pizzas were enough to feed the illegals and their boatload of anchor babies, all for 10 bucks.
ReplyDeleteThings are gonna real ugly now.
Employment in this country will continue to contract at a rapid pace straight through 2010 into 2011. By the end of 2010 so many people will be unemployed that the sheeple will begin to realize exactly why the government started building 700+ FEMA camps all around this country under BILL CLINTON, the same man that sent millions of manufacturing jobs to china and arranged for a chinese national to steal a laptop from Lawrence Livermore national labs with top secret design plans for all our most sophisticated nuclear weapons on it. Notional value of said laptop? About 80 trillion dollars in american research and labor.
ReplyDeleteWe don't owe the chinese anything but a volley of 1000+ Hydrogen bombs on all their major cities and minor villages.
Revolt!
ReplyDeleteA friend in California who was laid off several months ago, said their unemployment will run out in May of this year. They've tried repeatedly to look for work so far, without success. They're not eligible for another unemployment extention because the first one didn't expire in Dec of 2009. My friend is hoping to find another job before the unemployment runs out. Very sad, what people are coping with.
ReplyDeleteHow's everyone loving that Hope and Change?
ReplyDeleteLovin' every minute of it
ReplyDeletelast weekend we had abirthday party for my 8 yr. old daugther at a local bowling alley - as I was making a game piece out of glued up toothpicks I happened to read on the side of the box
" Distributed by PENLEY
West Paris, Maine
Made in China "
We cannot even make our own toothpicks
Anon 6:10 you sound like a hardcore walmarter who had his credit card cut up by the min wage clerk at the check out. Do you think 1ooo+ H-bombs anywhere on the planet might come back on you?
ReplyDelete7:01 or anyone out there, WHAT DO WE PRODUCE in the usa now?(besides the H bombs)
ReplyDeleteMore layoffs, no surprise, I saw this coming as far back as the 80's, textile, chemical and automotive industries were severly impacted by deals the government made with these MONGREL nations. What concerns me most, is that Americans continually let's this go on and on.
ReplyDeleteEven though we continually get alarmed at the loss of our jobs to other countries, we just keep on allowing it to happen. When was the last time has anyone met with the snakes in givernment, either state or local to discuss corporate tax rates? When was the last ime someone said "Hell no"! to Walmart or any retailer that sells China, Vietnam or any other MONGREL nations? People, you have heard the term, "no pain no gain"? Well, it's not just for your physical well being. We need to all stand by each other and UNITE and say hell no to anyone that sells, promotes or pushes products made other than America. It's our country, Let's take it back, NOW, before it's to late.
7:05 thank your lucky fucking stars I ain't in charge of this bitch because if I was you'd be breathing some serious radioactive clouds right now in a cold dark planet covered in 1000's of mushroom clouds. Bitch, I don't give a fuck.
ReplyDeleteand here's a word of wisdom for you, plenty of other people don't give a fuck either and that's why this is going to happen.
Go ahead make my day, better yet just get it over with for yourself, swallow the S&M cold blue steel. On sale at the Wall Mart I am sure.
ReplyDeletenice blog!
ReplyDeletei found your blog through keyword "auto follow".
im following you.. pls follow me back.
Hawker Beech is laying off as well, and a few other aircraft manufacturers are thinking about more layoffs.
ReplyDeleteKansas Unemployment Insurance Trust Fund expects to run out of money by mid-February.
Good GRIEF
ReplyDeleteSo a few pizza joints close and you all think the end of the world draws near.
HILARIOUS
It's called a normal business cycle, they come and go morons
9:40 this is not a normal business cycle. This is called a DEPRESSION. Massive unemployment, store closures, some that have been in existence for 50 years, housing collapse, record bankruptcies, largest debt in history, more homeless than ever, 46 states are bankrupt and going in default, this is a normal business cycle? Are you in the twilight zone?
ReplyDeleteWhen he people who have jobs see their taxes shoot up and hear their employer no longer able to survive at high tax rates and few Bank loans then they will loose their job and there maybe NO UNEMPLOYMENT left for them.
ReplyDelete9:40, are your really that ignorant? Or are you just plain stupid? Haven't you been paying attention to any of the indicators? I am not talking about what some smuck from the government or the media says, I am talking about the impact on your or your family. I am almost positive that you are probably not wealthy nor 100% finiancially sound. I am also assured you are totally self sufficient. I doubt you are living on your little island.
ReplyDeleteIf you are paying utilities, food, mortage, fuel or any of the other necessities of living in this country, then my friend you are impacted.
This is not another business cycle. This is something that even the "professionals" have never seen or how to handle. So for you to say that because we have fears and concerns that it makes us morons, really, look into the mirror, you are the one who is amoron, sorry, maybe lost in space.
Noodles123-Am in Monterey County in Cali...Unemployment near 22%...Why is that scary?...Because THAT"S GOVERNMENT #'S!
ReplyDeleteWhat's the real #?...Most likely in the 30's...Have 5 friends looking for work 1 got part time 24 hours a week...1 gave up and is moving out of state...3 keep on looking but nothing there...I find myself not taking their calls as it's always a sad conversation mixed with anxiety and me having to send a lil to help them.
The crazy blow up the planet guy commentor does have one righteous point..."People don't give a fuck" anymore as things get harder people seem to be getting more desperate.
Revolution?...No I don't see it...Plus easily squashed.
Hit and Run Riots?...I see that happening where cities are overwelmed hell breaks loose and looting begins till troops are called in.
Americans are NOT as strong/hardy/smart as they used to be...It's like watching a stroke victim...They know what they want to do and remember that they used to be fast and strong but now they aren't.
Off to Costco to hoard! :P
Listen up people. The comment by 9:40 is a rouse, most likely from a gov. employee or someone who is trying to deceive you.
ReplyDeleteThis person posted:
"It's called a normal business cycle, they come and go morons"
When you see comments like this attacking those of us who are earnest and know the truth, you can rest assure that the offensive poster HAS AN AGENDA or some sort.
First of all, ask yourselves
1. Why is a person who is unconcerned about the problems of the economy coming to this blog
2. Why is this unconcerned person harassing others who read this blog and calling us morons?
3. Why is this person who exemplifies both traits mentioned in 1 and 2 also coming here to treat people who are probably suffering economically as if we are stupid and idiotic? Not to mention, adding insult to injury?
You must seriously question those who challenge reality. I will say again, these people have an agenda.
1:14 also wanted to add that it seems suspicious that a person who is not worried about the economy would come to this blog to post and also harass others, and in addition, why would the person feel so strongly against everyone here to call them morons?
ReplyDeleteIf they are so happy go lucky and unconcerned, why the strong language by calling people he or she doesn't know MORONS?
Clearly, they have an agenda.
Not that it really surprises me I guess; but I have not heard one peep of all these 54k layoffs
ReplyDeletefrom any mainstream media outlet Not 1.
So I am trying to verify that Caterpillar cut 20k jobs ??? I went to their website - not a peep
That's strange
2:17 It would make perfect sense that you're not hearing anything about these layoffs. I can assure you though that the editor of this blog gets information from bona fide sources.
ReplyDeleteWhen my company laid us off they kept assuring us things were okay. Then one day by surprise, WHAMMO! One employee (manager) admitted in the end that they knew all along.
These companies don't want bad publicity either.
WOW here we go again........LET'S ALL RUN FOR THE EXITS BECUASE A FEW FOLKS ARE LOSING JOBS
ReplyDeletewho gives a shit about a few pizza chains?
These are low paying low IQ jobs anyway, better that they close these places down
WE ARE ALL FAT and LAZY
grow a garden for cying out loud
I understand one of the Rothchild's lives in NYC. Why is he still allowed to breath?
ReplyDeleteGather all of the H1B and L1 visaholders working in this country and deport them. If they refuse to go, shoot them!
ReplyDeleteVoila, there's a whole lotta jobs for Americans!
Why is America continuing to hire foreigners when Americans need jobs?
To 3:55, are you just stupid or ignorant? What difference does it make as to whether it was a pizza parlor or a high tech. industry, low IQ or high IQ, folks lost their jobs, their means of finiancial support for their familes.
ReplyDeletePeople like you are have your head buried so far in your a-- it makes me ill.
You must be some arrogant little college crap, probably your Mom and Dad worked their tail, so you could go to school so you could sit back and judge folks that did not have the opportunity to go.
Yes I realize business cycles must take place, but one thing you better let sink in, small businesses make up the vast majority of employment in this country. But you probably did not learn this in school.
7:29 even people with degrees are losing their jobs. I am one of them, and I'm trying to wake people up.
ReplyDeleteGovernment jobs are next on the chopping block. Watch out.
Small Business owners are largely forgotten. Thats why I only focus on them. I have experience several members of my family file bankruptcy due to small business failures. I also I suffered through 2 destroyed businesses due to failure however, in my failings I have learned some of the secrets to success. (Who can say they know it all?)
ReplyDeletewww.onlineuniversalwork.com
• There's a movement to radically change California government, by getting rid of career politicians and chopping their salaries in half. A group known as Citizens for California Reform wants to make the California legislature a part time time job, just like it was until 1966.
ReplyDeletejimmy
info@ibowtech.com
www.onlineuniversalwork.com
• There's a movement to radically change California government, by getting rid of career politicians and chopping their salaries in half. A group known as Citizens for California Reform wants to make the California legislature a part time time job, just like it was until 1966.
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