Tuesday, December 9, 2008

The Layoff Picture

Here is a list of recently announced layoffs or planned layoffs. As can be seen it is very heavily concentrated in financial services and high tech.

Company name
Date of announcement
Number of jobs cut
Percent of work force

UBS
10/03/2008
6,100
26%

eBay
10/06/2008
1,000
10%

Micron Technology
10/09/2008
2,850
15%

Yahoo
10/21/2008
1,500
10%

National City
10/21/2008
4,000
14%

Merck
10/22/2008
7,200
12%

Dell
10/22/2008
8,900
10%

Goldman Sachs
10/23/2008
3,260
10%

Xerox
10/23/2008
3,000
5%

Chrysler
10/24/2008
5,000
25%

Motorola
10/30/2008
3,000
4.5%

Mattel
11/06/2008
1,000
3%

Nortel Networks
11/10/2008
1,300
5%

DHL
11/10/2008
9,500
73% of U.S. staff

Circuit City
11/10/2008
8,000
20%

Applied Materials
11/12/2008
1,800
12%

Sun Microsystems
11/14/2008
6,000
18%

Fidelity Investments
11/14/2008
3,000
7%

Citigroup
11/17/2008
50,000
14%

J.P. Morgan Chase (Washington Mutual)
12/01/2008
4,000
21%

U.S. Steel
12/02/2008
3,500
13%

Carlyle Group [Has $40 billion in sideline cash]
12/03/2008
100
10%

Adobe Systems
12/03/2008
600
8%

State Street
12/03/2008
1,800
6%

AT&T
12/04/2008
12,000
4%

Credit Suisse
12/04/2008
5,300
10%

DuPont
12/04/2008
6,500
4%

Viacom
12/04/2008
850
7%

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