Monday, January 26, 2009

Caterpillar to layoff 20,000 | Sprint to layoff 8,000

Caterpillar will be laying off ~20,000 employees according to a press release issued today. The Illinois based company is predicting that 2009 will be the toughest year since the end of WWII.

Sprint-Nextel today announced that they will be laying off 8,000 workers. The Missouri based company hopes to save over $1 billion in costs.

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