Okay... so layoff 8000 people. Then say ""Health care is a great place to be," he said. "We feel very excited about the future.""
And then: "However, he acknowledged that the economic outlook remains cloudy, adding that a recovery will not take hold until the job market improves and consumers become more willing to spend."
Hmmm... the two go hand-in-hand, no?
How are the 8000 laid-off people supposed to spend their money (that they aren't earning thanks to the layoff) on Johnson & Johnson products?
I mean, I am no economist, never claimed to be, never want to be, never will truly understand how it all works. But I read CNN, and to me, this story is asinine and stupid. Don't write a story about layoffs but then explain how once people stop getting laid off, they'll spend more money on your products.