
United Parcel Service reported a 9.9 percent drop in quarterly profit on Thursday and said it expected consumers to cut back on holiday gift purchases. The company is planning cost cuts, including layoffs, in 2009. It said it expected profit for 2008 to be toward the low end of a range it provided in July.
[Via NYtimes]
So that creates more of a demand on Jobs and if you want to hear some other layoffs that I’ve seen on the go, just search my site. Some useful links to check out is:
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