Vestas Wind Systems, which is one of the biggest manufacturers of wind turbine systems said today it expects to lay off 1,900 employees while posting an increase of 58 percent in its interim financial report for the first quarter of 2009.

The business day started with a good news about the new home sales, but the news about the IBM Layoffs in 2009 helped to bring down the stocks. IBM job cuts will begin tomorrow in the services industry.

The head of the National Australia Bank has defended the decision to cut its dividends and promised that there will be zero job cuts.

With no end in sight with continued lay offs, workers continue to huddle around the water cooler and talk about their future. For some it is a matter of time, for others it is a matter of staying on and living with the guilt of being saved.

Caterpillar's massive job cuts are not the end of the bad economic news this morning. The Home Depot and Sprint also announced huge layoffs today as Sprint will cut 8000 employees and the Home Depot will slash 7000 jobs while exiting the Home Depot Expo business.

Caterpillar, the world renowned makers of earth moving equipment, stated Monday morning that they would be cutting 20,000 jobs in an attempt to lower costs as the recession reduces demand for construction equipment.

Yes, Virginia, it's true. First rumored in early January, but at 3x the number, there are indeed layoffs happening at Microsoft. The number set to join the employment rolls is 5,000, as revealed in Microsoft's earnings statement for fiscal Q2 2009, released before market opening on Thursday.

Certainly the economy has everything to do with it, as NPR (National Public Radio) is cutting 7 percent of its employees resulting in 64 job losses. Not only are jobs being lost, but two weekday programs “Day to Day” and “News & Notes” won’t be on the radio schedule beginning March 20.

The recession of the U.S. economy is taking a toll on the unemployment rates of the U.S. private sector. The companies have slashed 250,000 jobs in November only. This means quarter of million people have become jobless, an alarming levels for our ailing economy.

The Labor Department's latest report on unemployment data, released Friday, showed that while the nation's unemployment rate was unchanged at 6.1%, employers reported laying off 159,000 people in September --- the highest number in 5 years.