Last Minute Layoffs Keep Coming In

With the end of Q1 2009 almost here, trying to cut costs at the last minute to impress investors is becoming a quick trend. We just heard about Google layoffs, now 5,000 people from IBM are losing their jobs in the U.S. Amazon cut 210 people at three distribution centers in Nevada, Indiana, and Pennsylvania. The New York Times also announced a 5 percent cut(1oo people) of its business operations. This is not a good sign of what is to come out of Q1 earnings. Companies are clearly trying to look more lean as they woo investors on staying with them through tough times.