Layoffs, Layoffs

Massive job cuts from Sprint, Home Depot, Caterpillar and other firms could total 40,000+ positions.

Thousands more could be on the way.

Obama addresses the layoffs at the White House Monday:

"These are not just numbers on a page. As with the millions of jobs lost in 2008, these are working men and women whose families have been disrupted and whose dreams have been put on hold."