Lay-off watch: At least one job ticked off every 10 second

Nicolas Cage took just a minute to vanish away with one car in the 2000 Hollywood blockbuster 'Gone in 60 Seconds', but the jobs
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to be disappearing at a faster rate, with companies laying off at least one employee every 10 second to cut costs and fight the economic crisis.

So far in December, companies across the world have announced at least 1.15 lakh job cuts -- a figure which translates into an average of more than 8,200 people being laid off a day or about six every one minute (60 seconds).

In reel scenes, the plot might have been thrilling but in real sequences, the story is getting gloomy, with lay-offs happening across diverse sectors -- right from finance to electronics to mining, to name a few.

While the financial crisis cost more than 30,000 jobs in the first week of December, the number nearly trebled to touch about 85,000 in the following seven days.

More than one-third of the layoffs happened in the US, which has already seen a stunning 5,33,000 job losses in November alone.

Last week's layoff wave was led by banking firm Bank of America, which announced plans to axe 35,000 jobs in the coming months.