Many companies are laying off or have already sacked hundreds of employees in the wake of the current economic slowdown.
Image: A bicyclist rides past a sign outside of the Hewlett-Packard Headquarters in Palo Alto, California. Hewlett-Packard has announced that it is planning to cut 24,600 jobs worldwide over the next three years after its purchase of Electronic Data Systems for $13.9 billion. | Photograph: Justin Sullivan/Getty Images
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