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IPFS News Link • Economy - Recession-Depression

This Is What A Recession Looks Like – Here Are 12 Big Companies That Are Conducting Major Layoffs

• theeconomiccollapseblog.com, by Michael Snyder

It was a terrible time, and many fear that we could soon be facing a similar scenario.  In recent days, big companies all across America have been laying off workers at a frightening pace.  As economic activity has slowed down, a lot of firms are feeling compelled to slash their payrolls, and if a deep recession is ahead of us then what we have seen so far could be just the tip of the iceberg.  In 2008 and 2009, millions of Americans lost their jobs very rapidly, and it could very easily happen again.

As I have been conducting research over the past few days, I have been struck by the stunning number of layoff announcements that are suddenly popping up in the news.  Here are 12 of the most prominent examples…

#1 HP Inc: "U.S. personal computer maker HP Inc said on Thursday it will cut up to 16% of its workforce as part of a restructuring plan aimed at cutting costs.


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