This blog is a place for journalists to discuss their experiences covering poverty. It works in tandem with onpoverty.org, a site run by Washington and Lee University's American Poverty Journalism Center.
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Job cuts widen to hit more sectors of economy
Home building and mortgage lenders began cutting jobs early in this recession, and now, a year into this recession, companies across the board in manufacturing, retailing and information technology are resorting to mass layoffs. Home Depot, Caterpillar, Sprint Nextel and at least eight other companies say they are cutting more than 75,000 jobs in the United States and abroad. The Bureau of Labor Statistics says the U.S. economy has lost 2.55 million jobs since the recession began.
Original story
Labels: Caterpillar, Home Depot, information technology, job cuts, layoffs, manufacturing, recession, retailing, Sprint Nextel
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