Mass layoffs announced in the last week:
Sun Microsystems - 3,000
Sun Announces 3,000 Layoffs, 10 Percent of Workforce
NCR - 2,200
NCR Corp. Q3 profit dives, will cut 2,200 jobs
International Paper - 1,600
International Paper - 1,600
Oak Forest Hospital - 200
Oak Forest Hospital eliminates 200 jobs
Georgia Pacific - 300
Georgia-Pacific Mill In Fordyce Laying Off Workforce
Obama and the Fed better start saving or creating some jobs soon. I am also starting to smell whiffs of credit stress in some other blogs, but not seeing it in any credit indicators yet. Could be one hell of a winter.
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