The barrage of bad news continued Thursday as a number of companies announced layoffs:
- AT&T (T) said it will layoff 12,000, 4% of its total workforce.
- DuPont (DFT) said it will layoff 2,500 full time and 4,000 contractor positions, with more to come in 2009.
- Credit Suisse (CS) said the company will layoff 5,300, 11% of its total workforce, primarily from its investment banking division.
- Belden (BDC), a St. Louis, MI-based manufacturer, said it will layoff 1,800, 20% of its workforce.
- Viacom (VIA.A) said the company will layoff 850, 7% of its total workforce.
- Adobe (ADBE) said the company will layoff 600 people.
Disclosure: None
