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The few distributors left standing absorbed another blow: a major cutback in rebates and advertising support from PC makers.
But after major advertising cutbacks last year, work practically disappeared.
"The near total absence of merger-and-acquisition activity has left investment bankers a very expensive payroll item," he said, and major staff cutbacks are probably inevitable.
There were 1,393 major job cutbacks across the U.S. affecting 190,389 employees.
It's worth noting major budget cutbacks closed an Environment Canada office in Vancouver specifically tasked with responding to oil spills.
Many cultural institutions are facing major cutbacks due to the sting of the economic meltdown.
Fife is not the only council announcing major cutbacks to its library service.
The announcement is scheduled just a few weeks before Xerox is expected to announce major cutbacks.
With local authorities facing major cutbacks, the challenge to target resources effectively is immense.
The commission has been criticized by consumer groups for years for being toothless and largely ineffective, a problem some attribute to major cutbacks under Republican administrations.
(Some senior staff at other cultural institutions that have faced major cutbacks criticise the resources dedicated to Anzac100 and the memorial during the centenary years).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com