The Layoff Kings: The 25 Companies Responsible for 700,000 Lost Jobs
Between December 2007 (when the recession officially began) and last month, more than 8 million Americans have lost their jobs, according to the government. Of those job losses, 700,000 stem from layoffs at just 25 companies, according to 24/7 Wall Street’s analysis of data from employment consulting firm Challenger, Gray & Christmas. Here is the list:
1. General Motors
Number of jobs cut since recession began: 107,357
2. Citigroup
Number of jobs cut since recession began: 73,056
3. Hewlett-Packard
Number of jobs cut since recession began: 47,540
4. Circuit City Stores
Number of jobs cut since recession began: 41,495
5. Merrill Lynch
Number of jobs cut since recession began: 40,650
6. Verizon Wireless
Number of jobs cut since recession began: 39,000
7. Pfizer
Number of jobs cut since recession began: 31,771
8. Merck & Co.
Number of jobs cut since recession began: 24,400
9. Lehman Brothers
Number of jobs cut since recession began: 23,340
10. Caterpillar
Number of jobs cut since recession began: 23,024
11. JPMorgan Chase
Number of jobs cut since recession began: 22,852
12. Starbucks
Number of jobs cut since recession began: 21,316
13. AT&T
Number of jobs cut since recession began: 18,401
Number of jobs cut since recession began: 17,655
15. Dow Chemical
Number of jobs cut since recession began: 17,530
16. DuPont
Number of jobs cut since recession began: 17,000
17. Berkshire Hathaway
Number of jobs cut since recession began: 16,900
18. Ford Motor
Number of jobs cut since recession began: 15,912
19. KB Toys
Number of jobs cut since recession began: 15,100
20. United States Postal Service
Number of jobs cut since recession began: 15,000
21. DHL Express USA
Number of jobs cut since recession began: 14,900
22. Sprint Nextel
Number of jobs cut since recession began: 14,500
23. Sun Microsystems
Number of jobs cut since recession began: 14,000
24. Boeing
Number of jobs cut since recession began: 13,715
25. Chrysler
Number of jobs cut since recession began: 13,672
source: dailyfinance
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