Massachusetts Institute of Technology has caused its own kind of deflation in spending cuts. They will reduce by 15% over the next three years or $50 million next year and possible re-examination in following years.
If the really smart people are bracing themselves for a protracted crisis, the stock market seems to be pricing that in with a DJIA close below 8,000 today, then what will all these recent layoffs look like when they come out the other end of the unemployment checks period and a still weak economy? This is a shocking and scary time to be in USA.
Related:
Degree in Severance: Oral Roberts University Layoffs
Mediiiiic! UTMB Bleeds Out
KLIK KLAK Go the Shoes Down The Hall: KLA-Tencor Sends 15% on Long Walk
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