Johnson & Johnson to Cut 8500 Globally
November 3, 2009
Johnson & Johnson (JNJ: 58.61 +0.55%) announced that it will be cutting about 7%, or about 8500 of its global workforce. The company has tentacles everywhere, so the cuts most likely won’t hit one market particularly hard, but nonetheless underscores some of the weakness in the sector. Two weeks ago, Pfizer announced that it had [...]
Read More >>Layoff Announcements; Expo San Jose Store Closing
January 26, 2009
There were a slew of layoff announcements today in addition to an announcement by Home Depot that it is closing it’s Expo Design Centers. There is one remaining Expo in the Bay Area, in San Jose on Almaden Expressway. Today’s layoffs include: Home Depot (7,000), Caterpillar (5,000), ING (7,000), Sprint Nextel (8,000), Pfizer (8,000), and [...]
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