Jobless Statistics Are Sobering When You Add Up All The Job Losses

by Hank Coleman

I thought that it would be a little interesting to see a list of some of the companies who have announced job cuts.  Forbes.com has a very sobering tracker of layoffs from the nation’s 500 largest companies.  This is just a small list of companies who have laid off employees around the world.

Date Company Total Laid Off Industry
1/30/2009 Caterpillar 2,110 Capital Goods
1/29/2009 Textron 2,000 Conglomerates
1/29/2009 Ford 1,200 Durables
1/29/2009 Eastman Kodak 4,500 Household
1/29/2009 Black and Decker 1,200 Household
1/29/2009 Walt Disney 400 Media
1/28/2009 Walt Disney 200 Media
1/28/2009 Starbucks 6,700 Restaurants
1/28/2009 Boeing 10,000 Aerospace
1/28/2009 Time Warner 1,500 Media
1/27/2009 Target 1,000 Retailing
       
1/27/2009 Masco 600 Construction
1/26/2009 IBM 2,800 Software
1/26/2009 Texas Instruments 3,400 Semiconductors
1/26/2009 Lincoln National 540 Insurance
1/26/2009 Caterpillar 20,814 Capital Goods
1/26/2009 General Motors 9,758 Durables
1/26/2009 Home Depot 7,000 Retailing
1/26/2009 Pfizer 19,800 Pharmaceuticals
1/26/2009 Sprint Nextel 8,000 Telecommunications
1/23/2009 Abercrombie & Fitch 50 Retailing
1/23/2009 Deere & Company 662 Capital Goods
1/23/2009 Harley-Davidson 1,100 Consumer Durables
1/22/2009 Microsoft 5,000 Software
1/22/2009 Huntsman 1,665 Chemicals
1/21/2009 Burlington Santa Fe 2,500 Transportation
1/21/2009 UAL 1,000 Transportation
1/21/2009 SPX 400 Conglomerates
1/21/2009 Intel 5,000 Semiconductors
1/21/2009 Walt Disney 600 Media
1/21/2009 Wynn Resorts 53 Leisure
1/21/2009 Eaton 5,609 Capital Goods
1/20/2009 Clear Channel 1,850 Media
1/20/2009 Deere & Co. 160 Capital Goods
1/16/2009 ConocoPhillips 1,300 Oil & Gas
1/16/2009 Hertz Global Holdings 4,000 Business Services
1/16/2009 WellPoint 600 Health Care
1/16/2009 Advanced Micro Devices 1,700 Semiconductors
1/15/2009 Xerox 275 Business Services
1/15/2009 MeadWestvaco 2,000 Materials
1/15/2009 Autodesk 750 Software
1/15/2009 Marshall & Ilsley 830 Banking
1/15/2009 General Electric 1,000 Conglomerates
1/14/2009 Ecolab 1,000 Chemicals
1/14/2009 Delta Air Lines 2,000 Transportation
1/14/2009 Motorola 4,000 Technology
1/14/2009 Google 100 Software
1/13/2009 KeyCorp 200 Banking
1/13/2009 Newell Rubbermaid 75 Household
1/13/2009 Cummins 1,300 Capital Goods
1/12/2009 Textron 2,665 Conglomerates
1/12/2009 Mosaic 1,000 Chemicals
1/12/2009 Best Buy 500 Retailing
1/12/2009 Precision Castparts 40 Defense
1/9/2009 Oracle 500 Software
1/9/2009 Smithfield Foods 75 Food
1/9/2009 Freeport-McMoRan Copper & Gold 2,750 Materials
1/8/2009 Union Pacific 230 Transportation
1/8/2009 General Dynamics 179 Defense
1/7/2009 Walgreen 1,000 Retailing
1/7/2009 EMC 2,400 Technology
1/6/2009 Alcoa 13,500 Materials
1/5/2009 Cigna 1,100 Health Care
1/5/2009 United States Steel 4,225 Materials
12/31/2008 Mohawk Industries 160 Consumer Durables
12/31/2008 Tyson Foods 120 Food
12/31/2008 Target 132 Retailing
12/30/2008 Allegheny Technologies 323 Materials
12/30/2008 Motorola 400 Technology
12/23/2008 ULA (Boeing, Lockheed Martin) 172 Joint Venture
12/23/2008 Johnson Controls 125 Consumer Durables
12/23/2008 Las Vegas Sands 11,500 Leisure
12/22/2008 Parker-Hannifin 405 Capital Goods
12/19/2008 Genworth Financial 1,000 Insurance
12/19/2008 Electronic Arts 1,000 Software
12/19/2008 Sovereign Bancorp 1,000 Banking
12/18/2008 Omnicom Group 3,145 Media
12/17/2008 Ryder System 3,100 Services
12/17/2008 Western Digital 2,500 Technology
12/17/2008 Aetna 1,000 Health Care
12/17/2008 Parker-Hannifin 46 Capital Goods
12/17/2008 Bristol-Myers Squibb 3,700 Pharmaceuticals
12/16/2008 CBS 30 Media
12/15/2008 Merrill Lynch 400 Financials
12/15/2008 Charles Schwab 100 Financials
12/13/2008 Berkshire Hathaway 345 Finance
12/12/2008 International Paper 2,050 Materials
12/11/2008 Bank of America 35,000 Banking
12/11/2008 Whirlpool 250 Durables
12/10/2008 Mohawk Industries 105 Durables
12/10/2008 Procter & Gamble 320 Household
12/09/2008 Praxair 1,600 Chemicals
12/08/2008 Anheuser-Busch Co. 1,400 Food
12/08/2008 3M 2,300 Conglomerates
12/08/2008 Wyndham Worldwide 4,000 Leisure
12/08/2008 Dow Chemical 5,000 Chemicals
12/05/2008 Legg Mason 200 Financials
12/05/2008 Cablevision 100 Media
12/05/2008 Staples 140 Retailing
12/04/2008 Steel Dynamics 65 Materials
12/04/2008 Windstream 170 Telecommunications
12/04/2008 General Electric 500 Conglomerates
12/04/2008 E.I. du Pont de Nemours 2,500 Chemicals
12/04/2008 AT&T 12,000 Telecommunications
12/03/2008 United Technologies 350 Conglomerates
12/03/2008 Gannett 2,000 Media
12/03/2008 Adobe Systems 600 Software
12/03/2008 Jefferies Group 300 Financials
12/03/2008 Viacom 850 Media
12/01/2008 JPMorgan Chase 9,200 Banking
12/01/2008 PepsiCo 87 Food
11/25/2008 Dana Holding 50 Durables
11/24/2008 BlackRock 10 Financials
11/21/2008 Western Union 200 Business Services
11/20/2008 Bank of New York Mellon 1,800 Banking
11/20/2008 Boeing 800 Aerospace
11/17/2008 Citigroup 52,000 Banking
11/14/2008 Sun Microsystems 6,000 Technology
11/12/2008 Applied Materials 1,800 Technology
11/12/2008 Morgan Stanley 2,000 Finance
11/12/2008 Liberty Media 910 Retailing
11/11/2008 AK Steel Holding 800 Materials
11/7/2008 Ford Motor 2,600 Durables
11/6/2008 Mattel 1,000 Household
11/6/2008 MGM Mirage 400 Leisure
11/4/2008 Hartford Financial Services Group 500 Finance

 

* Total announced layoffs at America’s 500 largest public companies as measured by a composite ranking of sales, profits, assets and market value since Nov. 1 2008. Includes layoffs at subsidiaries, joint ventures, and majority owned companies.

Number of layoffs only since Nov. 1, 2008, at America’s 500 largest public companies:

362,335

This is not an exhaustive list by any stretch of the imagination!!   But the numbers are scary when you start adding them up.

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