Gloom deepens as 76,000 global jobs go !!!!!
 

Corporate bellwethers in the US and Europe slashed more than 76,000 jobs from their payrolls to confront the deepening economic downturn, marking one of the most brutal days yet for workers on both sides of the Atlantic.

US corporate groups such as Caterpillar, General Motors, Sprint Nextel. Texas Instruments, and Home Depot led the retreat, as the domestic recession coupled with tough export markets continued to take a heavy toll on their businesses. Pfizer, the drugs group, added to the tally saying jobs would be lost in its takeover of Wyeth.

Large European companies such as Philips, the Dutch electronics company, financial group ING and the Anglo-Dutch steelmaker Corus, which is owned by India?s Tata Group, struck the same downbeat tone as they unveiled plans to axe staff.

The whole story here

http://www.ft.com/cms/s/0/bb8ec7c0-e...nclick_check=1

fucking sucks. hopefully the obamessia can fix er up

Only going to get worse as time goes on

Unlikely.. he was saying today that things are going to get much worse.. all I got was a sound bite though.. was one of those news report "coming up" clips I saw while in the video store picking up a movie, so don't know the whole story on that... all I got was "coming up, Obama on the economy.. then it showed him saying "it's going to get much worse".

pfft, we've been losing half a million jobs a month the past few months in the US. 76k is nothing.