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Posts Tagged ‘caterpillar salshes 20’

The economic slump that is shaking the whole world is deeper and affecting more industries than expected. Every industry is slashing jobs as cost cutting measures and yesterday is the worst day for labours. Nearly 70,000 jobs have been slashed yesterday.
The construction equipment giant caterpillar announced on Monday that it is cutting 20,000 microsoft_logojobs as a result of plunging sales amid sharp economic slowdown. The software industry too seems to be feeling the heat as Microsoft has decided to slash 5,000 jobs in the next 18 months. Yahoo too has decided to freeze appraisals for its employees.

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