Massive jobs cuts in the pipeline – banks, Wall Street, Telcos, healthcare, industrials – all plan to cut millions of jobs in 2008-2009
Sandra Simons
Jan. 15, 2008

The economy is headed for a nasty depression. The job cuts in the pipeline is staggering surpassing anything we have seen in the last seventy years.

The biggest job cuts come from the banks and financial institutions who are lining up in a queue to go bankrupt one after the other. The next is healthcare. In a typical doctor’s office there are more assistants than the number of patients. As the wasteful nature of the healthcare industry changes, million of jobs will be shed.

Telcos are no exception. Sprint Nextel Corp. plans extensive layoffs as newly installed Chief Executive Officer Dan Hesse seeks to show investors a new commitment to efficiency and cost discipline. AT&T, Verizon and others are looking at the scenario and are preparing for massive jobs cuts.

Auto and other industrials will also shed jobs like never seen before. As the financial meltdown expands, the job cuts will intensify.

Massive jobs cuts in the pipeline – banks, Wall Street, Telcos, healthcare, industrials – all plan to cut millions of jobs in 2008-2009
Sandra Simons
The biggest job cuts come from the banks and financial institutions who are lining up in a queue to go bankrupt one after the other. The next is healthcare.
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