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Home Depot cutting 7,000 jobs

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posted on Jan, 26 2009 @ 10:32 AM
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NEW YORK (CNNMoney.com) -- Home Depot, the No. 1 home improvement retailer, announced Monday that it is shutting down its high-end EXPO business and shrinking its support staff, with both moves resulting in a reduction of 7,000 jobs.

Home Depot (HD, Fortune 500) said the staff cuts impact 2% of its total workforce. The company said the the latest job cuts will not impact any customer service positions in its Home Depot stores.


CNN

If people are still not thinking we are doing bad, they had better wake up. It seems as a new week comes about, we are told of yet another company either closing or reducing the work force.

If this kind of trend continues, I can see unempployment rates well over 10% by the summer.




posted on Jan, 26 2009 @ 02:07 PM
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I hope they cut the jobs with say, a nice Makita reciprocating saw or perhaps a DeWalt Table 10".



 
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