Haven't panicked yet? WWD reports that Saks Inc. -- the people who run the prestigious Saks Fifth Avenue -- is laying off 1,100 people
, nine percent of their workforce, suspending its 401K contributions, and cutting back inventory. When Saks cuts back inventory, that's a bad sign. So are layoffs by Neiman Marcus
, and at Microsoft
and other tech companies
. Also, the Bronx Zoo and New York Aquarium
are looking at budget cuts and the possible layoff of 130 workers, and just try getting a job as a zookeeper in this economy. The 400,000 jobs
Bloomberg promised us yesterday can't come fast enough, and we mean that literally.