This just in, the US Economy continues to circle the drain. While talks over the Fiscal Cliff continue to dominate the press more hardworking citizens are finding out that they will not have a job after the Christmas Season. Children will be opening presents happily while parents attempt to hide the fact that underneath the thin veneer of shared joy they are worried how the next month’s bills will be paid. While we saw an immediate wave of layoffs following the election the ones listed below were just announced within the last week or so.
Citigroup: 11,000 Layoffs
SAIC Inc: 700 Layoffs
Resolution Copper: 400 Layoffs
Living Social: 400 Layoffs
Santa Barbara Bank and Trust: 468 Layoffs
KDH Defense Systems: 280 Layoffs
Bank of America (Mass): 200 Layoffs
Bank of America (Ca): 281 Layoffs
Northrop Grumman: 200 Layoffs
iVOX Solutions LLC: 120 Layoffs
Anchorage School District: 100 Layoffs
Pratt and Whitney: 100 Layoffs
AM General: 100 Layoffs
Job cuts have now risen for three consecutive months with a total for November that is 34 percent higher than job cuts announced in November 2011. Through the first 11 months of the year, U.S. firms have announced 490,806 job cuts, 13 percent below the pace set in 2011, when 564,297 layoffs were announced through November.
Continue to prepare as best you can because things are only going to continue to get worse.