Yet another Layoff News – Motorola to cut 4,000 jobs; Barclays to lay off 2,000
Layoffs seems to be the top priority to companies with high number of employees. This is naturally because of the Global recessions. Layoffs have created fear in almost all well placed employees especially in the IT and Retail sector. There are huge layoffs in India from companies like Reliance, Wipro, etc.
Barclays PLC said Wednesday it plans to cut up to 2,100 jobs in its retail and commercial banking units, adding to redundancies of the same size in its investment banking arms announced Tuesday. Mobile handset maker Motorola Inc. also said on Wednesday that it will cut 4,000 more jobs in 2009, in addition to 3,000 it announced in October