Don't Quit Your Day Job - Massive Job Cuts Planned

Do you dread going to your job? Is your boss giving you a hard time? Are your coworkers slackers and do they blame you for the drops in sales and production? Well, maybe you want to just let it slide off your shoulders and get an attitude adjustment. You may want to think about getting a passport, brushing up on speaking a foreign language, or taking some night classes in digital technology. Don't quit your day job just yet because the 2007 job cuts are coming in masses - déjà vu to the dot.com days of 2001.

Companies are scrambling to restructure in 2007 as they face challenges with profit margins and shareholder returns. Some CEOs are shifting the emphasis on growth to international ventures based on new technologies, higher fuel, production and labor costs, global competition, mergers and acquisitions across industries, and the overall consumer economy where the U.S. is seeing record numbers of bankruptcies and foreclosures. The job cuts planned for 2007 cross multiple industries. Some of the recent and planned cuts include: