You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Pfizer, Caterpillar, Sprint Announce Major Layoffs

HeadlineJan 27, 2009

The list of major companies announcing mass layoffs grew on Monday as Pfizer, Home Depot, Caterpillar, Sprint Nextel and at least eight other firms announced plans to cut more than 75,000 jobs. Pfizer said it would cut nearly 20,000 jobs as part of its acquisition of Wyeth. Caterpillar plans to eliminate 20,000 as well. 8,000 jobs are being cut at Sprint Nextel, 7,000 jobs at Home Depot, 3,400 jobs at Texas Instruments and 2,000 jobs at General Motors. Last week, Microsoft announced it would cut as many as 5,000 jobs in the company’s first mass layoffs.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top