Chicago’s Mayor, Richard M. Daley, has told reporters that both city and private sector workers should get ready for a clusterfuck.
The Mayor says that chief executive officers have told him to expect huge layoffs in the next month and into the new year.
Mayor Daley said: “Each one tells me what they’re laying off, and they’re going to double that next year. We’re talking huge numbers of permanent layoffs for people in the economy. It’s going to have a huge effect on all businesses.”
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Hopefully, those execs that spoke with Daley do not include CEOs of agencies. Crossed fingers that Chicago’s advertising industry can weather the storm and holding companies can assist where necessary.
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