Obama Remarks Highlight Tech Layoffs
President Barack Obama highlighted recent layoffs at major high-tech companies Microsoft, Intel Corp. and Sprint-Nextel in Monday remarks on the importance of congressional passage of the economic stimulus package that his team has been working on with Democrats in the House and Senate. Microsoft announced last week that it would make 5,000 job cuts, mainly in Redmond, Wash. where the company is headquartered. Computer chip manufacturer Intel said last week that more than 5,000 jobs would be on the chopping block. Sprint-Nextel's news that it would lay off about 8,000 employees came a short time before Obama's speech.
"These are working men and women whose families have been disrupted and whose dreams have been put on hold," he said before signing executive orders that believes will create jobs, establish energy independence and alter environmental policy. "We owe it to each of them and to every single American to act with a sense of urgency." Obama said he looked forward to signing legislation that would put millions of Americans to work. "These are extraordinary times and it calls for swift and extraordinary action," Obama said, adding that he could not promise a quick fix. No single technology or regulation will do the job, he said.
Join the Discussion
The National Journal Group has the right (but not the obligation) to monitor the comments and to remove any materials it deems inappropriate.
Comments powered by Disqus