Layoffs, Layoffs, Layoffs

In the last 24 hours, these layoffs were announced:

Nomura: 1,000
Royal Bank of Scotland: 2,800
AT&T: 12,000
Viacom: 850
Credit Suisse: 5,300
CNBC: 80
DuPont: 2,500
Carlyle: 100
NBC Universal: 500
Gannett: 1,770

These don’t include massive recent cuts at Citigroup, Bank of America/Merrill Lynch, Goldman Sachs, Morgan Stanley, and dozens of other smaller banks, hedge funds, and private equity groups.

Plus, another 509,000 new jobless claims last week. Highest level in 26 years.


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