Cisco Systems is preparing to lay off about 1,300 workers, just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales.
Zero jobs were created in August. Does that, by itself, augur another recession? Not necessarily -- but add the state of consumer confidence, and top it off with Wall Street skittishness, and all signs point to trouble ahead. Government economists, however, are predicting growth. Here's why they may be wrong.
Several major corporations have been announcing layoffs in recent weeks, despite their fattening coffers. What accounts for all the pink slips? Consumers don't like them, nor do investors -- at least, not the farsighted ones. Here are the real reasons behind these puzzling, and troubling, terminations.