Job-killing recession racks up more layoffs

BY JEANNINE AVERSA
• ASSOCIATED PRESS
• January 26, 2009

WASHINGTON -- The recession is killing jobs at an alarming pace, with tens of thousands of new layoffs announced Monday by some of the biggest names in American business -- Pfizer, Caterpillar and Home Depot.

More pink slips, pay freezes and other hits are expected to slam workers in the months ahead as companies desperately look for ways to survive.

“We’re just seeing the tip of the iceberg -- the big firms,â€