WTF is going on?
Cell phone carrier Sprint announced that they will be cutting 8,000 jobs.
Starbucks is laying off another 1,000 workers, after cutting 2000 jobs last year.
Philips Electronics announced they will be cutting 6,000 jobs.
Caterpillar, makers of bulldozers, dump trucks and excavators, has announced that they are laying off 20,000 workers.
Home Depot is closing 41 stores and laying off 7,000 workers
Courtesy of PerezHilton