Layoffs Abound: Cat (CAT) Cutting 20K, Sprint (S) Cutting 8K, Home Depot (HD) Cutting 7K

January 26, 2009 9:19 AM EST

We're seeing a plethora of job cut announcements this morning, including:

• Caterpillar (NYSE: CAT) - cutting 20,000 jobs
  
• Sprint Nextel (NYSE: S) - cutting 8,000 employees
  
• Home Depot (NYSE: HD) - reducing its workforce by 7,000 jobs
  
• Altus Pharmaceuticals (Nasdaq: ALTU) - cutting 75% of its total headcout
  
• Starbucks (Nasdaq: SBUX) - hearing reports from the Seattle Times that the trendy coffee-brewer could layoff as many as 1,000 jobs.
  
• Pfizer (NYSE: PFE) - cutting its workforce by 10%.

Similar announcements from other high-profile companies have been abundant over the last month or two. To stay up-to-date on all the job cut announcements in real-time as the news is released, visit StreetInsider.com's entity page on Layoffs.

UPDATE: After the close today, Texas Instruments (NYSE: TXN) issued its Q4 earnings report, also announcing that it will reduce about 12% of its workforce. Quiksilver (NYSE: ZQK) also was out saying it will reduce its headcout by 200 jobs.

Create E-mail AlertRelated Categories

Insiders' Blog

Stocks Mentioned

Related Entities

• Layoffs

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?