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Wall Street Firms Signal Holiday Layoffs Across Major Companies
Major firms including Exxon Mobil Boeing Kellogg and the Exxon Mobil merger plan layoffs, with Boeing announcing 20000 cuts and Kellogg cutting 20 percent of salaried staff. Analysts cite Asia downturn and merger-driven reductions as drivers while unemployment trends remain nuanced amid a booming economy. Our coverage notes 1998 projections and workplace shifts shaping 625000 yearly firings.
MENTIONED IN THIS ARTICLE
Wall Street
America
Boeing
Kellogg
Exxon-Mobil
Clinton
Asia
Pentagon
Clinton S. A
John Challenger
Chicago
Challenger, Gray and Christmas
Challenger
Fred Goldstein
Conference Board
New York
Department of Labor
Macy’s
Goldstein
Congress
Robert Saam
Brookfield
Wis
Thompson Consulting
Saam
Exxon
Mobil
Merrill Lynch
Raytheon
Atlantic Richfield