And more jobs go poof ...
More cuts announced today.
Here's a brief scenario that illustrates the ripple effect of these layoffs: You could wake up in the morning and head down to Starbucks, which announced Wednesday that it will be laying off nearly 7,000 people and closing 300 locations on top of another 600 stores it already planned to close in the U.S.
Then you could get on a plane made by Boeing, which also announced Wednesday that it will be cutting 10,000 jobs. Still with me? Then you could grab a rental car (if it's made by General Motors they also are cutting jobs) and drive to a Home Depot (which is likewise cutting 7,000 jobs) for some building supplies.
And then, well ... you get the idea.
About this blog
Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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