List of Job Cuts

List of Job Cuts Worldwide

Although I personally feel as if bussinesses take advantage of the “Recession”, it gives them a reason to cut jobs, however the balance sheet probably shows a different picture. These figures are actually worldwide and now in 2009 the UK government predicts the it will start to get better in the start of 2010. Jesus that’s a long time! Here’s the list . . .

• Citigroup - 59,000 layoffs
• Bank of America - 35,000 layoffs (over 3 years - to 2011)
• HP Electronic Data Systems - 24,500 layoffs (over 3 years - to 2011)
• Linens ‘n Things - 21,250 layoffs
• General Motors - 19,000 layoffs
• Lehman Brothers - 16,000 layoffs
• Alcoa - 15,200 layoffs
• Starbuck’s - 12,000 layoffs
• AT&T - 12,000 layoffs
• Wachovia - 11,250 layoffs
• BT (British TeleCom) - 10,000 layoffs
• DHL (US Division) - 9,500 layoffs
• Bennigan’s Restaurants - 9,300 layoffs
• JP Morgan/Washington Mutual Acquisition - 9,200 layoffs
• JP Morgan/Bear Stearns Acquisition - 9,160 layoffs
• Dell - 8,900 layoffs
• Sony (USA) - 8,000 layoffs
• Bank of America (Countrywide) - 7,500 layoffs
• Circuit City - 7,305 layoffs
• American Express - 7,000 layoffs
• NASA - 7,000 layoffs
• American Airlines - 7,000 layoffs
• Google - 6,000 - 4,300 layoffs
• Sun Microsystems - 6,000 layoffs
• Credit Suisse - 5,300 layoffs
• Merrill Lynch - 5,150 layoffs
• Reliance Group - 5,000 layoffs
• GMAC - 5,000 layoffs
• Dow Chemical - 5,000 layoffs
• Morgan Stanley - 4,100 layoffs
• Fidelity Investments - 4,000 layoffs
• Sprint Nextel - 4,000 layoffs
• University of Texas Medical Branch - 3,800 layoffs
• Siemens Enterprise Communications - 3,800 layoffs
• PepesiCo - 3,300 layoffs
• Goldman Sachs - 3,260 layoffs
• Lehman Brothers  - 2,900 layoffs
• Nokia (Manufacturing division) - 2,300 layoffs
• Daimler Trucks - 2,100
• Nortel Networks - 2,100 layoffs
• Chrysler - 1,825 layoffs
• International Paper - 1,500 - 1,000 layoffs
• Yahoo! - 1,500 - 1,000 layoffs
• Goldman Sachs - 1,500 layoffs
• HSBC North American Holdings -  1,350 layoffs
• Lenovo - 1,250 layoffs
• Nissan (UK) - 1,200 layoffs
• HSBC - 1,100 layoffs
• Hudson’s Bay Company - 1,000 layoffs
• Macy’s - 960 layoffs
• Bank of America - 928 layoffs (management)
• Lockheed Martin Aeronautics Co - 850 layoffs
• Boeing - 800 layoffs
• Woolworths - 700 layoffs
• Nokia (US Sales) - 650 layoffs
• Texas Instruments - 650 layoffs
• Adobe Systems - 600 layoffs
• Advanced Micro Devices (AMD) - 500 layoffs
• Merrill Lynch (Trading division) - 500 layoffs
• Level 3 Communications - 450 layoffs
• Barclay’s - 400 layoffs
• E-Trade Financial Corp. - 278 layoffs
• Palm - 200 layoffs
• Akamai - 110 layoffs

Expected job losses and announced layoffs in 2009

• GM - 47,000 second round of layoff announcements (restructuring) total = 57,000
• Japan’s top 12 automakers - 25,000 combined layoffs expected
• Nissan - 20,000 layoffs
• Caterpillar - 20,000 layoffs
• NEC Corp - 20,000 layoffs
• AstraZeneca - 15,000 layoffs by 2013
• Panasonic - 15,000 layoffs
• KBG Toys - 15,000 expected layoffs
• Pioneer - 10,000 layoffs
• GM - 10,000 layoffs (also cutting pay by 10%)
• Boeing - between 4,500 and 10,000 layoffs pending
• GlaxoSmithKline PLC - 10,000 job losses expected
• Anglo Platinum - 10,000 layoffs
• Sprint Nextel - 8,000 layoffs (14% of staff)
• Pfizer Pharmaceutical - 8,000 layoffs (by end of 2011)
• Hitachi - 7,000 layoffs
• Home Depot - 7,000 layoffs
• Starbucks - 6,700 layoffs
• ING - 7,000 layoffs
• Phillips Electronics - 6,000 layoffs
• Intel - 6,000 layoffs (second round)
• PNC Financial - 5,800 layoffs
• Scandinavian Airlines - 5,600 layoffs
• Goodyear - 5,000 layoffs
• Whirlpool - 5,000 expected layoffs
• Microsoft - 5,000 layoffs
• Ericsson - 5,000 layoffs
• Freescale - 4,800 layoffs
• Kodak - 4,500 layoffs
• Toshiba - 4,500 layoffs
• Texas Inetrument - 3,400 layoffs
• Cisco - 3,000 layoffs
• Spansion - 3,000 layoffs
• IBM - 2,800 layoffs
• Royal Bank of Scotland (RBS) - 2,300 layoffs
• Micron - 2,000 layoffs
• Estee Lauder - 2,000 layoffs
• General Motors - additional 2,000 layoffs over 2008 total
• Swiss bank UBS AG - 2,000 layoffs
• Fidelity Investments - 1,700 layoffs (second round of 4,000 job cuts announced in 2008)
• Bell Canada - 1,500 early retirement buy outs
• Sun Microsystems - 1,300 layoffs
• Unisys - 1,300 layoffs
• Time/Warner (TV) - 1,250 layoffs
• Harley Davidson - 1,100 layoffs
• Whitney (jet makers) - 1,000 layoffs
• United Airlines - 1,000 layoffs
• Walgreen’s - 1,000 layoffs
• BorgWarner - 750 layoffs
• Merck & Co. - 750 layoffs (sales reps)
• Liz Claiborne - 725 layoffs
• AOL - 700 layoffs
• Virgin Airlines - 600 layoffs
• Neimen Marcus - 450 layoffs
• Harrah’s Memphis - 250 layoffs, 50 transfers to Las Vegas
• Ryanair - 200 layoffs
• John Deere - 200 layoffs
• Walt Disney - 200 layoffs
• Michelin Canada - 95 layoffs
• Dow Chemicals - unspecified number of expected layoffs
• BigLots - unspecified number of expected layoffs
• AK Steel - unspecified number of expected layoffs
• Waterford/Wedgewood - unspecified number of layoffs

The reason why I said some bussineeses take advantage of the recession by sacking people is because, if you look at Barclays their profits were actually up. Why in the world are they cutting jobs?