Changes at the top are typically followed by changes further down the ladder. However, the high number of job cuts this year could also be leading to CEO changes.

If job cuts in the auto industry continue and we start to see consistently high job-cut numbers from the top three job cutters in July, it should set off some relatively loud alarm bells about the state of the job market and economy.

For months, it appeared that the U.S. might remain relatively untouched by the financial crises abroad. However it most certainly seems that the impact is starting to ripple through our economy.

It is a favorable sign that retailers have not joined in the job-cutting spree,

The union has done a good job in negotiating a buyout package that at least seems to me to be unparalleled. At the same time, it's bittersweet. What they are negotiating is an end game.

Job-cut announcements have been on a roller coaster ride this year. The lack of any discernible trend in corporate downsizing is indicative of the uncertainty associated with the current economy.