If you are an employee, hold on to your job. Now is not the time to play "dare or truth" with your boss. Try to supplement your income with a second job or earn some passive income. If you are the boss, conserve as much cash as possible. In all crisis, there are opportunities - only for those with cash.
These are some selected headlines in 2012:
Sharp considering cutting 5000 jobs worldwide
Goldman Sachs Leads Foreign Banks Accelerating Job Cuts in Japan
PepsiCo announces 8700 job cuts
Alcatel-Lucent to Cut 5000 Jobs After Reporting Loss
Deutsche Bank to Cut 1900 Jobs as Part of Savings Plan
Pharma & Biotech Job Cuts Mount in 2012
Hewlett-Packard to cut 27000 jobs
Nokia to Cut 10000 Jobs as Elop Tries to Stanch Losses
Cisco to cut about 1300 jobs
2000 jobs cut at Queensland Department of Transport
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