These layoffs will continue to depress local economies and create more fear and uncertainty. While shoring up their financial positions large companies create a ripple effect that hurts the small businesses that depend on the spending of those laid off workers.

Another question is whether enough new jobs can be generated to re-absorb those workers over the next few years. Hopefully those promised “green jobs” and infrastructure investments pan out.

http://www.msnbc.msn.com/id/28854051/

On the opportunity side, this news will continue to increase coupon usage as consumers look to save money. Coupon site  traffic is increasing (http://tinyurl.com/67gev6), while consumers eliminate their land lines to save money (http://tinyurl.com/bg5wbd) relying on their mobile phones.

Consumers would take advantage of mobile rewards if the service contained more offers from the local stores that they are interested in. Even coupons.com contains only 58 offers that can be redeemed at stores in my area.

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