Let Them Eat Cake

Or they can always join the army.

It’s going to get worse before it gets better. That’s the word from the White House about the ailing economy.

  WTVY

Indeed.

Companies forecast almost 70,000 job cuts in a single day as the rampant crisis born in the banking sector struck workers in factories and offices across the globe and brought down a government on Monday.

[...]

In New York, construction equipment giant Caterpillar said it planned 20,000 job cuts worldwide to cope with plunging sales and US telecom operator Sprint Nextel announced 8,000 cuts -- 14 percent of its staff.

  Raw Story

Home Depot Inc. plans to eliminate 7,000 jobs while closing four dozen stores.

[...]

Pfizer said they'd ax 8,000 as part of a $65 billion deal to buy rival healthcare firm Wyeth.

  Raw Story

And it’s not just in the U.S.

Japan's top 12 automakers expect to cut a total of 25,000 jobs between now and the end of March to cope with an industry slump, a survey by Jiji Press concluded on Monday.

Dutch banking and insurance group ING announced 7,000 job cuts and a deal for the Dutch state to assume 80 percent of the risk on a 27.7-billion euro portfolio of troubled assets.

Dutch electronics giant Philips said it would eliminate 6,000 jobs.

[...]

The announcements by the two Dutch companies came ahead of confirmation that Europe's second-biggest steelmaker, Indian-owned Corus, said it would cut more than 3,500 jobs around the world, most of them in Britain.

  Raw Story

....but hey, do what you want....you will anyway.