Wednesday, November 4, 2009

Big J&J Layoff

Johnson and Johnson has announced that they will lay off 7000 employees. That is about 7% of the employees at the company. How can the economy really be improving with such large job eliminations occurring?

J&J is one of the most admired and diversified health conglomerates with a consumer division, diagnostic/devise equipment, pharmaceutical drugs and R&D arm. Johnson and Johnson is present in 57 Countries around the world.

If a company like J&J is cutting back this much, it shows the economic recovery will be long and hard.

8 comments:

Raymond Bouchayer said...

Never understood the Math ...all the news is the economy is on the rebound . But then more banks are going belly up after being bailed out involuntarily by us . Job loss keeps mounting . Existing one have not raised the salaries for years . To have a growing economy one would think that producing something and paying living wages would be the key . Not laying off more people and sending jobs overseas .

Cary said...

Ugh. I keep getting excited when I see the positive headlines, but yes, companies everywhere continue to cut back. I have so many friends out of work right now that it's disheartening.

Word verf: BARAYER

Missed it by an extra A.

Anonymous said...

J&J is just looks good from the outside. It is not a good environment to work at. In competent people and discrimination agains employees from legacy companies.

Internet business at home automated system said...

Why do not you try to make money on the web!
Even if you do not know anyone
No friends, relatives, neighbors, or ... ..
Our system will help you find business partners
Start a free trial experience of automatic network system, visit the website
http://sn.im/vemma_usa
Thank you for your time reading, do not give up the chance to even know, know no loss to you!

M. Daniyal Iqbal said...

SEO Stand For Search Engine Optimization. it most important to Traffic.
Get Free Seo Button and Traffic
Google Bot Visit Button
Yahoo Bot Visit Button
Msn Bot Visit Button
Page Rank
Google Indicator
SEO Monitor
Hits Counter

Invertir en oro said...

I think it's important that we all know a little about this subject so interesting, I think it's part of human culture tell us about such things.
Invertir en petroleo

viagra online said...

this is the proof that our economy is still in crisis , I can't see a fast solution for this serious problem.

muebles valencia said...

It can't really have effect, I think this way.