Screwed: 10,000 at Boeing

by Laura Rich on January 29, 2009 in News,Work

A daily review of the employment fallout around the country.

Boeing is expected to cut 10,000 workers after lowering its 2009 earnings outlook. … A severe drop in advertising revenue is forcing AOL to cut 7,000 positions worldwide. … Starbucks is closing 300 stores and cutting 6,700 employees. … Kodak will cut 3,500 to 4,500 positions. … Ford Credit will lay off 1,200 people, one-fifth of its workforce, due to heavy losses to be reported in its quarterly earnings announcement today. … Unemployment rose in all 50 states for the first time ever and global job losses could hit 50 million, a 7.1 percent unemployment rate, by end of 2009.

Read about layoffs at the sites compiled on our Layoff Tracker page.

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