Massive Layoffs Increase Demand For Mental Health Counselors
- Topics:
- Layoffs
- Tags:
- Associated Content,
- Human Resources,
- Job,
- Job Cut,
- Recruitment & Selection,
- Workforce Management
- Source:
- Associated Content
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Overview: Massive US layoffs began as at least 40,000 jobs were cut by giant employers in the United States and abroad. They include 20,000 job cuts by Caterpillar Inc., 8,000 job cuts by Sprint, and 7,000 job cuts by Home Depot. Miserable Monday, as this day has been termed, comes after the national unemployment rate reached 7% in December, it's highest in 16 years, following 2.5 million job cuts in 2008 according to the Labor Department. This takes a toll especially on former employees who hold family roles as the primary breadwinner.
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Format: HTML | Date: Feb 2009
