Layoff City

Caterpillar: 20,000

Pfizer: 19,000 (10% reduction), plus additional layoffs due to merger with Wyeth:

Sprint Nextel: 8,000

Home Depot: 7,000

Philips: 6,000 jobs


Bloomberg reports 74,000 job cuts today alone as “sales withered and construction slowed amid a global economic recession.”

Before today, at least 15 companies announced they planned to eliminate 93,000 positions so far in January, Challenger Gray said. In the U.S., the firings brought the number of job eliminations this month to at least 150,500, according to Chicago-based executive search firm Challenger Gray & Christmas.

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