Detailed text transcripts for TV channel - CNN - 20110105:12

Detailed text transcripts for TV channel - CNN - 20110105:12:30:00

they already fired everybody, down 34%. his to get that out there. in 2010, it was the lowest layoffs since 1997, according to challenger, gray, and christmas. so that tells you that that period of just massive downsizing, the downsizing is over. it's something we've heard over and over again. we're going to get three or four pieces of jobs news this week. and we're going to be closely watching to see if we can say that that is definitely behind us. it hasn't been replaced by mass hiring, but -- >> you said they're -- they're being more selective. even if they are hiring? >> absolutely. >> and also the notion that some jobs because of technology may not come back at all. >> and new jobs are coming in their place, frankly. but the economy is changing, and what's coming on the other side is much leaner. when you look at the kinds of layoffs that the challenger, gray, and christmas is watching -- motive sector layoffs, down 91%, we've already restructured the industry.

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