Already, British Telecommunications, which went private a decade ago, has cut employment by 90,000, or more than a third of the total.

Some say this is the work of the computer, which enables industry to keep production high while drastically cutting employment.

Manufacturers also cut employment last month, according to the survey.

But general merchandisers and apparel stores cut employment by 400 jobs each.

By the end of the year, Wall Street was actually cutting employment.

The company will also consolidate two other centers and cut employment by at least 2,000, or 9 percent of its work force.

Many such mergers act to cut employment, as well.

A slowdown in consumer spending might require manufacturers to cut production and employment.

We are living in countries that cut employment, pensions, increase retirement age and taxes.

Westinghouse has cut employment at its Pittsburgh headquarters from 1,000 in the early 1970's to 450 today.