BIG Trouble: HP cuts 25K, Lehman loses 20+K, Merrill to lose 30K, Chrysler 11K Jobs!

[HOLLYWOOD]

This is getting VERY VERY Depressing... massive layoffs are now hitting the industries! Some of you that stated Depression, it just may be sooner than we thought,

Look all these cuts coming...


HP as part of EDS integration to cut 24,600 jobs

http://news.yahoo.com/s/ap/20080915/ap_on_hi_te/hp_eds_restructuring

Now the consolidation and mergers to survive! HP and EDS

Chrysler LLC will make another round of early retirement and buyout ... announce plans in November to cut 9,500 to 11,000 jobs.

[B][COLOR="DarkSlateBlue"]http://www.sanluisobispo.com/financial/story/468333.html[/COLOR][/B]

It truly seems that Chrysler's days are numbered, unless they get a BAILOUT, SUSIDIES, and Tax Credits. They SALES numbers are awful and near quarter projections are worst.

Lehman Brothers Bankruptcy, to lose 20,000+ jobs

http://money.cnn.com/2008/09/12/news/companies/lehman_jobs/index.htm

Well we all know the Chapter 11 and the follow-on garage sale at Lehman Brothers. This will effect even more jobs overseas. ie, London, Paris, etc


Bank of America Takeover of Merrill Lynch, up Merrill employees to lose jobs to cut 30,000

http://www.iht.com/articles/reuters/2008/09/15/business/OUKBS-UK-MERRILL-BANKOFAMERICA.php

B of A's quest to be the Mid and small level entity for Americans in the future. Major job and cost cutting to be implemented. Merrill Executive to get Golden Parachutes, Shareholder LAWSUITS have started... this is UGLY!


Unilever Corp employees over the next 4 years... to cut 20,000

http://www.nytimes.com/2007/08/03/business/worldbusiness/03unilever.html?ex=1343793600&en=645d0f5566d1f82e&ei=5090&partner=rssuserland&emc=rss

More sectors effected... seems like everyone has revised downward and re advising downward. The Retail Sales have slowed and processed foods have squeezed about as much out of a package cutting contents up 25%.


White House Press Release today: George 'DUBYA' Bush says the Fundamentals of the Economy are Sound. John McMsTeenSouthCarolina reiterates the same BULLSHYT!

 

[voytechs]

That's a total of 100,000 jobs lost in those few firms.

 

[RockEnds]

My step-brother works for HP in Colorado. He started with Digital in the '70's. It sold twice, and eventually was bought out by HP. No one's heard from him yet this evening. We're not sure if he has 30 years seniority or 3 years. He's almost ready to retire. Almost. Heck of a deal.

 

[Godfather89]

Now, I am a conspiracy theorist on some of these matters. Remind me was The Central Bank founded because of an intentional market instability? Or was it a natural market instability that founded the Fed?

Now couldn't they be doing this some 100 years later, as a way to further show, that a "free market" does not work? In order to consolidate the new world order communist government? I mean really I know we are not really a free market, but a good amount of people think we are...

 

[Cali4RonPaul]

Ebay is cutting 1,500

 

[forsmant]

Ebay is cutting 1,500

The ones who put lehman up for auction?

 

[thehighwaymanq]

Ebay is cutting 1,500

Cite that.

 

[Dr.3D]

The ones who put lehman up for auction?

What next, Ebay is put up for auction on Ebay?

 

[freelance]

Now, I am a conspiracy theorist on some of these matters. Remind me was The Central Bank founded because of an intentional market instability? Or was it a natural market instability that founded the Fed?

Now couldn't they be doing this some 100 years later, as a way to further show, that a "free market" does not work? In order to consolidate the new world order communist government? I mean really I know we are not really a free market, but a good amount of people think we are...

It was NEITHER. It was the banksters getting together to try to convince the people that they needed the Fed to maintain stability, IIRC. They had to have Congress push it through right before the holidays, when many of them had already departed.

Your second point could very well be right on the money. But, they might just wipe themselves out in the process. Not likely, but a DELICIOUS thought anyway.

 

[tpreitzel]

Yeah, rising unemployment will really fan the smoldering ashes.

 

[HOLLYWOOD]

Yeah, rising unemployment will really fan the smoldering ashes.

BUT, the Federal Government will mask all the numbers and statistics by hiring an additional 300,000 government employees these 3 last months of the year to dilute the unemployment numbers.

More government, More Liabilities, More Costs, Socialist government with a collective government workforce PAYROLL over 50%.

Watch it's coming!

BTW, ANyone Catch Larry King LIVE and his 3 guess on the Wall Street Meltdown?

ALL 3 experts agree, that Spineless Jellyfish, Alan Greenspan was the problem. He De-Regulated, Subsidized, the financial institutions to make SUB PRIME LOANS, etc. yotta yotta

 

[Cali4RonPaul]

Cite that.

Oops looks like I may have jumped the gun.
http://www.reuters.com/article/businessNews/idUSN1442239820080914?feedType=RSS&feedName=businessNews

Put that down as a possible 1500 cut, but ebay has really been struggling..

 

[freelance]

The Wedge report, according to Barron's, said eBay's business was "deteriorating" and the company was readying layoffs that could affect 10 percent of its 15,000 employees.

I thought people were flocking to ebay to raise money. Maybe they have run out of things to sell. What's next? Breaking up the furniture for fires this winter?

 

[Dorfsmith]

I thought people were flocking to ebay to raise money. Maybe they have run out of things to sell. What's next? Breaking up the furniture for fires this winter?

ebay's recent changes have driven away a lot of sellers. I sell there full time and I don't have much competition anymore.