Wow - Layoff Bonanza?

Home Depot, Caterpiller, ING, Spring, Philips, and Pfizer.  Total headcount is 48,000 plus 26,000 at Pfizer alone!  That's 74,000.  Not all at once obviously, but still.  Holy crap!  That "stimulus package" better be on target and on time or 2009 is going to become a bloodbath.  I'm really lucky to be working for a company that's got a backlog of huge projects and a lot of IT and non-IT positions yet to fill.