Corporate Layoff Trend Follows Election 2012

Have you heard? The federal government is saving jobs. Well, that is what is being said, but how does a public agency save several thousands of jobs in the private sector after the market plummets the day following the election and with a looming "fiscal cliff" fast approaching? Simply put, they cannot.

What government can save; however, are public sector jobs as the budget for the U.S. Department of Defense is larger than all other military budgets around the world, combined. As of the last couple of weeks Texas Instruments has announced it will layoff 1,700 employees, Xerox at 2,500 employees, Energizer at 1,500 employees, and several others in the double, triple, and quadruple digits if not just shutting their doors or some manufacturing plants. Some "anti-Obama" CEO's are actually giving their employees a raise as in the case of Westgate Resorts CEO, David Siegel.

As many companies layoff workers competitors in the industry will assimilate the best of the crowd. AT&T, Blockbuster, Bank of America, and Macy's make up the larger companies currently hiring people for mostly seasonal employment.