Layoffs are reportedly coming fast to two large U.S. companies. Microsoft will announce plans to reduce 60 divisions down to seven, with significant layoffs, ABC’s KOMO-TV reports, while American Airlines may jettison thousands of workers in its reorganization.
KOMO-TV’s Brad Goode reports the tech company, based in Redmond, Wash., is undergoing a major restructuring and will eliminate numerous redundancies in the marketing division. Microsoft CEO Steve Balmer has been under increasing pressure from shareholders to improve performance.
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2 comments:
Boy, the economy is REALLY jumping! I haven't heard much about what happened to all those hundreds of thousands of temp employees who were hired at Christmas. Back on unemployment now for a few years? obama will be ratcheting up the handouts and goodies for the next 9 months so now is the time to get your name on the list. The rest of us will be busy working and paying more for everything, including YOU.
9/11 really hurt the airline industry.It isn't that people are afraid to fly.After all,we are Americans and afraid of damn little.People just don't like the procedures that they must endure before they fly.Not a week goes by that we don't hear complaints.Rather than go through body scans and X-rays,they will drive their car or take a train.
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