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Last Minute Scary News - LAYOFFS!

A good friend in the home building industry reports some terrible news that shouldn't be unexpected, but nontheless is a tad jarring after the rah-rah days of just last year.

"I heard that the LA/Ventura KB Home division had a layoff yesterday and gave 50 people the axe. Pardee Home is supposed to give about 50 people the axe today. In related stories... KB Home is having trouble paying its bills. Happy Halloween. As a regional manager said in a meeting "Don't they know it's fucking Armageddon out there!"

Happy Halloween to all. Buy a home.
· KB Home Receives Default Notice on Notes [MSN Money]
· KB Home Delays Earnings [LA Business Journal]