Closures and Layoffs (Jan. 11-17)

by Chris Sturr | January 17, 2009

From Mark Heshmeyer at CoStar Group.

In this week’s issue:

  • 2/3 of construction companies planning layoffs.
  • To the mat.
  • Plus, a whole new round of major U.S. corporation closures and layoffs were announced in Arizona, California, Colorado, Georgia, Illinois, Iowa, Louisiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, Virginia, Washington, West Virginia and Wisconsin.

Read the full report, but the “To the mat” section is worth posting here in full:

To the Mat

World Wrestling Entertainment in Stamford, CT, is throwing 10% its staff to the mat and counting to three. This reduction of about 57 employees will result in annual savings of about $8 million and doesn’t count any of its wrestlers, who are independent contractors. In addition to staffing, the company has completed a comprehensive evaluation of its operating and capital expenditures and has identified additional efficiencies, but did not go into detail.

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