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 ROCHESTER, N.Y. (AP) - In a week where Alan Greenspan said he expected the U.S. economy to keep growing and Wall Street seemed generally pleased with corporate performance, workers at Eastman Kodak Co., Hewlett-Packard Co. and Kimberly-Clark Corp., among others, were warned about thousands of new layoffs.
"You get immune to it after a while," longtime Kodak technician John Hladis said with barely a shrug when the scythe fell once more at the Rochester-based photography company, slicing away another 10,000 employees.
But some economy watchers are suddenly concerned that this latest flurry of job cuts — a byproduct of various trends such as outsourcing, mergers, automation, changing technology and consumer demands — may foreshadow some trouble ahead.
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