U.S. Companies Cut 519,895 Jobs Since Election – Bloomberg

By Rodney Yap

Jan. 27 (Bloomberg) — U.S. companies have announced more than 519,895 job cuts since the Election Day victory by Barack Obama, who has proposed a plan to create as many as 4 million jobs to boost the economy.

Following is a list of dismissals announced since Nov. 1, based on information compiled by Bloomberg News and Challenger, Gray & Christmas, the Chicago-based executive search firm. Only companies with 500 or more job cuts are included in the table.

DATE     COMPANY                                         CUTS
==============================================================
Nov-08   Citigroup                                      75,000#
Dec-08   Merrill Lynch (Bank of America Merger)         35,000
Jan-09   Circuit City                                   34,000
Jan-09   Caterpillar                                    20,000
Jan-09   Pfizer                                         19,000
Nov-08   Lehman Brothers                                16,000
Dec-08   KB Toys                                        15,000
Nov-08   DHL Express                                    14,900
Jan-09   Alcoa                                          13,500
Dec-08   AT&T                                           12,000
Dec-08   Dow Chemical Co. (contractors & full time)     11,000
Jan-09   General Electric (GE Capital)                  11,000*
Dec-08   JPMorgan Chase (Washington Mutual)              9,200
Jan-09   Sprint/Nextel                                   8,000
Nov-08   Circuit City Stores                             7,305
Jan-09   Home Depot                                      7,000
Nov-08   Sun Microsystems                                6,000
Jan-09   Eaton                                           5,200
Jan-09   Intel                                           5,000
Jan-09   Microsoft                                       5,000
Jan-09   Schlumberger                                    5,000
Dec-08   Federal-Mogul                                   4,600
Jan-09   Boeing                                          4,500
Nov-08   ArvinMeritor                                    4,000
Jan-09   Hertz                                           4,000
Jan-09   Motorola                                        4,000
Dec-08   Wyndham Hotel Group                             4,000
Jan-09   Avery Dennison                                  3,600@
Jan-09   Corning                                         3,500
Dec-08   Omnicom Group                                   3,500
Dec-08   United States Steel                             3,500
Dec-08   Bristol-Myers Squibb Co (wound-care unit)       3,400
Jan-09   Texas Instruments                               3,400
Jan-09   Xerox                                           3,400
Nov-08   Pepsi Bottling Group                            3,150
Dec-08   Ryder Systems                                   3,100
Nov-08   Lehman Brothers (Barclays)                      3,000
Nov-08   First American                                  2,950
Jan-09   IBM                                             2,800
Dec-08   DuPont                                          2,500
Dec-08   Tyco Electronics                                2,500
Dec-08   Western Digital                                 2,500
Jan-09   EMC                                             2,400
Nov-08   Freescale Semiconductor                         2,400
Dec-08   Avis Budget Group                               2,200
Jan-09   Cooper Industries                               2,200
Dec-08   Newell Rubbermaid                               2,200
Dec-08   Office Depot                                    2,200
Jan-09   Textron                                         2,200
Jan-09   Freightliner                                    2,100
Jan-09   Cessna Aircraft                                 2,000
Jan-09   Delta                                           2,000
Dec-08   General Motors                                  2,000
Nov-08   General Motors (salaried workers)               2,000
Jan-09   MeadWestvaco                                    2,000
Dec-08   Stanley Works                                   2,000
Dec-08   Viasystems Group                                2,000
Dec-08   Air Transport Services Group (ABX Freight Unit) 1,900
Jan-09   Bank of America                                 1,900
Jan-09   Clear Channel Communications                    1,850
Dec-08   3M                                              1,800
Nov-08   Applied Materials                               1,800
Nov-08   Bank of New York Mellon                         1,800
Dec-08   Belden                                          1,800
Dec-08   State Street                                    1,800
Dec-08   Danaher                                         1,700
Nov-08   Fidelity National Investments                   1,600
Dec-08   Pentair                                         1,600
Nov-08   Washington Mutual (Pleasanton Campus)           1,600
Jan-09   Freeport-McMoran                                1,550
Jan-09   Baker Hughes                                    1,500
Dec-08   Kemet                                           1,500
Dec-08   ON Semiconductor                                1,500
Jan-09   WellPoint                                       1,500
Dec-08   Con-Way                                         1,450
Dec-08   Cooper Tire & Rubber                            1,400
Dec-08   Furniture Brands International                  1,400
Dec-08   InBev (Anheuser-Busch)                          1,400
Jan-09   Williams-Sonoma                                 1,400
Dec-08   Air Products & Chemicals                        1,300
Jan-09   ConocoPhillips                                  1,300
Nov-08   Morgan Stanley                                  1,300
Dec-08   Unisys                                          1,300
Nov-08   Fidelity Investments                            1,288
Nov-08   ArvinMeritor (hourly & salaried)                1,250
Jan-09   Compass Bank                                    1,200
Jan-09   Kennametal                                      1,200
Jan-09   Huntsman                                        1,175
Dec-08   Hutchinson Technology                           1,125
Jan-09   Advanced Micro Devices                          1,100
Dec-08   Fairchild Semiconductor                         1,100
Jan-09   Harley-Davidson                                 1,100
Nov-08   HSBC North America Holdings (Investment Bank)   1,100
Jan-09   Rio Tinto Alcan                                 1,100
Jan-09   Saks                                            1,100
Dec-08   Aetna                                           1,000
Dec-08   Alcatel-Lucent (management jobs)                1,000
Jan-09   Alltel                                          1,000
Jan-09   Ashland                                         1,000
Jan-09   Bose                                            1,000
Jan-09   Ecolab                                          1,000
Jan-09   Electronic Arts                                 1,000
Dec-08   Electronic Arts                                 1,000
Dec-08   Genworth Financial                              1,000
Nov-08   GlaxoSmithKline (US sales)                      1,000
Nov-08   Mattel                                          1,000
Nov-08   Neptune Orient Lines                            1,000
Dec-08   Sovereign Bancorp                               1,000
Jan-09   UAL Corp (United Airlines)                      1,000
Jan-09   Walgreens                                       1,000
Nov-08   USG                                               900
Nov-08   La-Z-Boy                                          850
Dec-08   Viacom                                            850
Jan-09   Barnes Group                                      800
Jan-09   Cummins                                           800
Jan-09   Suntech Power                                     800
Jan-09   Time Warner (Warner Bros.)                        800
Dec-08   Sonoco Products                                   700
Jan-09   Deere                                             692
Dec-08   U.S. Steel                                        677
Nov-08   Lam Research                                      600
Jan-09   Seagate                                           600
Dec-08   Principal Financial                               550
Jan-09   Bridgestone                                       543
Jan-09   Lincoln National                                  540
Dec-08   Agilent Tech                                      500
Nov-08   Hartford Financial Services                       500
Dec-08   Las Vegas Sands                                   500
================================================================
Total                                                    519,895
================================================================
Source: Challenger, Gray & Christmas, Inc. and Bloomberg

# -- Combined total for the year.

* -- May cut 7,500-11,000 this year.

@ -- Estimated 10 percent of workforce.

To contact the reporter on this story: Rodney Yap in Los Angeles at ryap@bloomberg.net.

Last Updated: January 27, 2009 13:08 EST

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One Response to “U.S. Companies Cut 519,895 Jobs Since Election – Bloomberg”

  1. […] nedgrace put an intriguing blog post on U.S. Companies Cut 519895 Jobs Since Election – Bloomberg « Ned b…/bHere’s a quick excerptb…/b 1400 Dec-08 InBev (Anheuser-Busch) 1400 Jan-09 Williams-Sonoma 1400 Dec-08 Air Products & Chemicals 1300 Jan-09 ConocoPhillips 1300 Nov-08 Morgan Stanley 1300 Dec-08 Unisys 1300 Nov-08 bFidelity Investments/b 1288 Nov-08 ArvinMeritor b…/b […]

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