Still, Sun has maintained its research spending despite corporate cutbacks.

Such corporate cutbacks have been particularly troubling because older workers often have more trouble finding new jobs.

Mansfield, too, has suffered its share of corporate cutbacks.

Last year, after 16 years with the company, he was forced out during a corporate cutback and experienced the value of the plan firsthand.

Barring any further large corporate cutbacks, he said, the office market is expected to continue to recover.

The corporate cutbacks have also reduced the opportunities for emerging black professionals, college officials contend.

Add to that the emphasis on corporate cutbacks and a lot of people have been left stranded.

Some business leaders said they feared that today's announcement would be the first in a wave of corporate cutbacks caused by the tax.

Now, with corporate cutbacks, the parking garage is already underused.

The tough job market is the product of rounds of corporate cutbacks that began in 2001.