Lots of layoffs

There's still another week to go before October's employment report comes out (three more weeks for the local data), but you really don't need the government to tell you that times are tough and getting tougher. Just today comes word that Motorola will lay off 3,000 workers (two-thirds from the cell phone division), while American Express will eliminate 7,000 jobs (about 10 percent of the workforce). Then there are the automakers, the publishers (LAT, Time, OC Register, etc.) and even the tech companies. This has been an especially gruesome week - and it's only Thursday.



More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
Previous story: Drilling down on GDP

Next story: Paperfish closes

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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