More than 126,000 workers worldwide are expected to go unemployed in the next few months, based on several company announcements made last week alone.
We compiled news reports published on Yahoo News, Inquirer.net and Bloomberg from January 21 to 28 and summarized below the information about the jobs cuts companies are planning to implement as a result of the economic recession.
In just that one-week period, expected job layoffs, according to company announcements, totaled 126,000. That is a really scary figure but what’s more scary is the fact that these announcements were made in just the first month of the year. We’re almost certain more companies will announce layoffs in the coming months.
Brace yourselves.
