First Quarter Layoffs

Selection of Job Cuts by Major Companies

Wall Street Journal (updated 16jan2009) January 8, 2009, 1:14 pm

Layoff announcements were a common occurrence in the fourth quarter as the financial crisis weighed on companies in every sector of the economy. The layoffs have continued into the first quarter. The following chart is a selection of some announcements of job cuts since the beginning of the year. Some numbers are estimates. (See a chart of fourth-quarter layoffs.)

The chart can be sorted by company name, date of announcement, number of job cuts and percent of work force eliminated.

Company 		Date of 	Number of   Percent of 
name                	announcement 	jobs cut    work force 
Wellpoint 		01/16/2009 	 1,500         3.6%
Hertz Global Holdings 	01/16/2009 	 4,000        13%
AMD 			01/16/2009 	 1,100         9%
Pfizer 			01/16/2009 	 3,200**       3%
Circuit City 		01/16/2009      30,000       100%*
ConocoPhillips 		01/16/2009 	 1,300         4%
Clear Channel 		01/16/2009 	 1,500         7%
Autodesk 		01/15/2009 	   750        10%
MeadWestvaco 		01/15/2009	 2,000        10%
Saks 			01/15/2009 	 1,100         9%
Barclays 		01/14/2009 	 2,100         1.3%
Motorola 		01/14/2009 	 4,000         6%
Cummins 		01/13/2009 	   800         2%
Neiman Marcus 		01/13/2009 	   375         3%
Cessna 			01/12/2009 	 2,000       N/A
Seagate Technology 	01/12/2009 	   800        10%
Boeing 			01/09/2009 	 4,500         7% (of commercial-airplane staff)
Lenovo Group 		01/08/2009 	 2,500        11%
Walgreen 		01/08/2009 	 1,000         9%
EMC 			01/07/2009 	 2,400         7%
Alcoa 			01/06/2009 	15,000        14.5%
Logitech International 	01/06/2009 	   500         5%
Cigna 			01/05/2009 	 1,100         4%

*Company in liquidation
**Includes announcements of 2,400 cuts on Jan. 16 and 800 layoffs on Jan. 13.

Fourth Quarter Layoffs

Selection of Job Cuts by Major Companies

Wall Street Journal    December 4, 2008, 2:30 pm

Layoff announcements have been a common occurrence this quarter as the financial crisis weighs on companies in every sector of the economy. The following chart is a selection of some announcements of job cuts since October. Some numbers are estimates. (Published Dec. 4 and subsequently updated.)

The chart can be sorted by company name, date of announcement, number of job cuts and percent of work force eliminated.

Company 		Date of 	Number of   Percent of 
name                	announcement 	jobs cut    work force 
Textron 		12/23/2008 	2,200 		5.2%
Unisys 			12/22/2008 	1,300 		4.3%
Bank of America 	12/11/2008 	35,000 		11%
   (Merrill Lynch)
Sony 			12/09/2008 	8,000 		5% of electronics division
Dow Chemical 		12/08/2008 	5,000 		11%
Viacom 			12/04/2008 	850 		7%
DuPont 			12/04/2008 	6,500 		4%
Credit Suisse 		12/04/2008 	5,300 		10%
AT&T 			12/04/2008 	12,000 		4%
State Street 		12/03/2008 	1,800 		6%
Adobe Systems 		12/03/2008 	600 		8%
Carlyle Group 		12/03/2008 	100 		10%
U.S. Steel 		12/02/2008 	3,500 		13%
J.P. Morgan Chase	12/01/2008 	4,000 		21%
   (Washington Mutual) 	
Citigroup 		11/17/2008 	50,000 		14%
Fidelity Investments 	11/14/2008 	3,000 		7%
Sun Microsystems 	11/14/2008 	6,000 		18%
Applied Materials 	11/12/2008 	1,800 		12%
Circuit City 		11/10/2008 	8,000 		20%
DHL 			11/10/2008 	9,500 		73% of U.S. staff
Nortel Networks 	11/10/2008 	1,300 		5%
Mattel 			11/06/2008 	1,000 		3%
Motorola 		10/30/2008 	3,000 		4.5%
Chrysler 		10/24/2008 	5,000 		25%
Xerox 			10/23/2008 	3,000 		5%
Goldman Sachs 		10/23/2008 	3,260 		10%
Dell 			10/22/2008 	8,900 		10%
Merck 			10/22/2008 	7,200 		12%
National City 		10/21/2008 	4,000 		14%
Yahoo 			10/21/2008 	1,500 		10%
Micron Technology 	10/09/2008 	2,850 		15%
eBay 			10/06/2008 	1,000 		10%
UBS 			10/03/2008 	6,100 		26%