We all have heard about the Circuit City thing, tossing out 3400 people because they made too much money, replacing them with new and lower paid employees (not mentioning that the CC CEO still got $10 million last year, but that's okay).

From my humble position in the grocery biz as a receiver this is what I have seen of late locally (within the last 3 months)

Frito Lay - cutting 19 routes
Kraft laying off all their sales reps to have their Nabisco (their subsidiary) take over covering Kraft products while doing still doing their own work.
Coca Cola - cutting out 40 of 60 Account Rep Jobs by expanding their territories and adding merchandisers (stockers) who make much less (a Rep who didn't make the cut, could have stayed on as a merchandiser with a 33% pay cut).
A local Ice Cream plant who laid off 4 drivers, when the loads were shifted from direct store door to a warehouse drop.

From my humble neighborhood of 50 year old 3 bedroom ranch houses (that at one time sold within days). I see homes sitting with for sale signs in the yard for Months.


But the Economy is soooo good....