Home Depot, Sprint Nextel Cut Tens of Thousands of Jobs
Did anyone watch Obama's video address this weekend? He talks about jobs and boy do we ever need them. Home Depot announced today that they're cutting 7,000 jobs, or 2 percent of their workforce. And Sprint Nextel said that 8,000 have been cut starting today, but by the end of March, 56,000 jobs, which is 14 percent of their workforce, will be cut.