Job-Cuts.com: U.S. Job Loss, Layoffs, Downsizing and Unemployment News

US construction equipment giant Caterpillar announced it was to cut about 20,000 jobs, after its profits slumped by 32 percent. This job cut equates to about 18 percent of the company’s entire workforce, and will also be accompanied by freezes in overtime and salaries. Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. To read more about Caterpillar and there recent job moves, click here.

Home Depot, the nation’s largest home improvement chain has announced that it is going to make some major moves. Firstly, they are going to eliminate 7000 positions. Secondly, they are going to be closing down their smaller Expo chain. To find out more about Home Depot and their jobs information, click here.

Sprint Nextel, the 3rd largest wireless service provider has announced it is going to cut roughly 8000 jobs. This huge cut will represent approximately 15% of Sprint Nextel’s entire workforce.

Find out more info about Sprint Nextel’s job news Here.