Mass layoffs make a painful comeback

[democracy1st]

Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts.

video:
http://finance.yahoo.com/blogs/daily-ticker/return-mass-layoffs-grim-sign-u-workers-190228219.html

[FreakinDJ]

1. RATpubliCONs will say they need to lower Corp Taxes

truth is we need to go to a "Territorial Tax System" for Corps

[DainBramaged]

4. K Bailey Hutchinson said THI MORNING business is overtaxed and over regulated

treason

[FreakinDJ]

8. I noticed Norquist jumped on the Clinton Band Wagon over Territorial Taxation

and yes I have been here on DU saying for years we need to change the way we Tax MulltiNational Corporations

But first we need to look at removing the Tax Incentives to Outsourcing American Jobs.

China's Corp Tax structure is designed to take advantage of ours

[DainBramaged]

2. And corporate America is outsourcing white collar jobs at a frightening rate

fucking greed, it's going to kill this country

[plumbob]

3. 100,000 teachers in Texas will be gone by mid-August, along with 10,000

state employees, as they draw their final checks for the last fiscal year.

[HockeyMom]

5. Cisco will add jobs

in INDIA. Just watch.

[dkf]

7. They are actually exiting some lines of business that didn't work out as expected.

[liberalmuse]

6. Those memos we used to get at work a couple years ago are making a comeback...

so I'm expecting more layoffs soon. :( We've already had 3 rounds, but at least we had a break for part of 2009 until now.