By Bhagyashree Garekar, US Correspondent

WASHINGTON: - A staggering 90,000 layoffs were announced over the past two days as major companies in the United States and elsewhere reeled from the effects of dwindling demand in the economic downturn.

On a day being called 'Bloody Monday', several major firms announced the job cuts - the largest culls in a single day ever.

The shedding continued yesterday. Corning alone said that it would trim its payrolls by nearly 5,000 as demand dried up for the speciality glass it produces for flat-panel TV and computer screen makers.

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