Layoffs Tracker
The Economy December 4th, 2008
Company Number of layoffs
Rio Tinto 14,000
Anheuser-Busch InBev 1,400
Dow Chemical 5,000
3M 1,800
Adobe Systems 600
Viacom 850
Credit Suisse 5,300
DuPont 2,500
AT&T 12,000
Washington Mutual 9,200
Bank of America 30,000
Wells Fargo 80% wholesale mortgage jobs
Weather Channel unknown
Associated Press 400
JPMorgan Chase 10%
Sun Microsystems 6,000
Citigroup 53,000
BT Group 10,000
Circuit City 7,300
Deutsche Post 9,500
Nortel Networks 1,300
Motorola 3,000
Ford 2,260
General Motors 1,900
Fidelity Investment 1,288
Mattel Inc 1,000
Goldman Sachs 3,200
Merrill Lynch 10,000
Barclay’s 3,000
Wachovia 6,950
UBS 2,000
Credit Suisse 1,500
Applied Materials 1,800
Morgan Stanley 4,000
December 2nd, 2008 at 6:36 pm
this is pretty bad - I just read this on cnbc
“Bank of America could end up cutting 30,000 jobs as it moves to absorb Merrill Lynch, three times as many as previously estimated, sources told CNBC.
As of yesterday, sources were saying that layoffs could total at least 10,000 and would start before the end of the year.
But Bank of America CEO Kenneth Lewis wants to wring out $7 billion in savings from the merger over the next few years, so the total number of jobs lost could be closer to 30,000, they said.
Some of these job cuts could be through attrition or the sale of some businesses. But the heaviest cuts will probably come in the investment banking business, which has dried up during the current credit crisis.”
December 2nd, 2008 at 6:41 pm
yeah, all “doom and gloom”
always the same thing with you bloggers
December 16th, 2008 at 3:50 pm
wow, it looks like we’ll have 500K+ job losses again in December. God help us