Travel Industry Layoffs

Last Updated Jan 29, 2009 1:08 PM EST

Lately it seems as if no one can read about business without seeing stories about layoffs and downsizing. The travel industry, seriously affected by lessening consumer confidence and the economy, is seeing its share of job losses. In the latest news:
Every aspect of travel, from aircraft manufacturers to airlines to hotels, is affected. Unfortunately with banks resistant to any-risk loans, consumer confidence hitting a record low and interest-only loans coming due, we will be seeing more job losses in 2009.