Continuing high jobless claims combined with recent job cuts at Cisco (CSCO), Lockheed Martin...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Continuing high jobless claims combined with recent job cuts at Cisco (CSCO), Lockheed Martin (LMT), Goldman Sachs (GS) and Borders add up to an unwelcome trend: Layoffs are accelerating - in fact, companies are laying off employees at a level not seen in nearly a year.