Wal-mart are set to close their optical lab in Ohio that employs around 650 workers.

Do you think housing market finally hit bottom? The wall street guru’s think so, the market has fallen so low, it could be the bottom. But I haven’t seen this kind of a bottom for a long time, only time will tell. I would suggest saving that money and invest wisely because there are a lot of job cuts that is also happening. Nothing these days are secure.

Ibm is ready to cut 5,000 jobs in the US. It will be mainly in the global services business from what I have heard. They are trying to reduce spending and improve productivity.