The huge stress on the economy has definitely taken it's toll on the design industry. From small design firms to large corporations, finding and maintaining a job has not been easy. Large companies such as Home Depot, Williams- Sonoma, Wickes, have either had large amounts of lay offs or have filed for bankruptcy.
Some companies such as Linens & Things, House & Garden, and Domino magazine and have been forced to close their doors for good.
Go here to read a detailed article in New York Times about these hard times.
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