January 2009 Layoffs by Company at the Fortune 500 Level


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Layoffs for January 2009 at America’s 500 largest public companies:

Total 49,762

Jan. 16: ConocoPhillips (nyse: COP news people ) trims capital spending by 18%, writes off $34 billion and reduces workforce by 4% (1,300 jobs).

Jan. 16: Hertz Global Holdings (nyse: HTZ news people ) sets out for worldwide restructuring in first quarter of 2009; cuts 4,000 jobs.

Jan. 16: WellPoint (nyse: WLP news people ) reduces workforce by 600 and removes 900 open positions.

Jan. 16: Advanced Micro Devices (nyse: AMD news people ) reduces global workforce by 9% (1,100 jobs).

Jan. 15: Xerox (nyse: XRX news people ) cuts 275 jobs in New York region.

Jan. 15: MeadWestvaco (nyse: MWV news people ) fires 2,000 and plans closings or restructurings at up to 14 plants.

Jan. 15: Autodesk (nasdaq: ADSK news people ) expects loss from 2008 fourth quarter; pink-slips 750 (10% of workforce).

Jan. 15: Marshall & Ilsley (nyse: MI news people ) cuts 8% of staff (830) in ongoing cost-cutting.

Jan. 14: Ecolab (nyse: ECL news people ) restructures and reduces workforce by 4% (1,000 jobs).

Jan. 14: Delta Air Lines (nyse: DAL news people ) gives 2,000 early retirements as part of 8% capacity reduction.

Jan. 14: Motorola (nyse: MOT news people ) lays off 4,000 following a 3,000-worker layoff last year; expects savings of $700 million a year.

Jan. 14: Google (nasdaq: GOOG news people ) fires 100 hirers as it cuts back on contract workers and temporary employees.

Jan. 13: Cummins (nyse: CMI news people ) freezes salaries for the rest of the year and lets 800 go.

Jan. 13: Pfizer (nyse: PFE news people ) cuts 800 researchers as it lowers cost in the face of poor performance and coming patent losses.

Jan. 12: Mosaic (nyse: MOS news people ) fires 1,000 in Saskatchewan.

Jan. 12: Aircraft maker and Textron (nyse: TXT news people ) subsidiary Cessna sends 2,000 packing.

Jan. 12: Best Buy (nyse: BBY news people ) clears 12.5% of its headquarters staff with 500-employee layoff.

Jan. 12: Precision Castparts (nyse: PCP news people ) dismisses 40 as airline industry continues to struggle.

Jan. 9: Oracle (nasdaq: ORCL news people ) reportedly cuts 500 from U.S. sales and consulting businesses.

Jan. 9: Boeing (nyse: BA news people ) cuts 4,500 and returns workforce size to what it was in early 2008.

Jan. 9: Freeport-McMoRan (nyse: FCX news people ) slices workforce in half at Arizona mine; 1,550 workers let go.

Jan. 9: Smitfield Foods’ (nyse: SFD news people ) Butterball–the nation’s largest turkey company–fires 75 at Missouri plant.

Jan. 8: Union Pacific (nyse: UNP news people ) pink-slips 230 as company struggles; stock down 22% year-to-date.

Jan. 8: Navy shipbuilder Bath Iron Works–owned by General Dynamics (nyse: GD news people )–dismisses 179.

Jan. 8: Continuing company wide job cuts at Eaton (nyse: ETN news people ) hit Iowa, with 78 laid off.

Jan. 8: Walgreen (nyse: WAG news people ) cuts 1,000–roughly 9%–from corporate and field manager ranks.

Jan. 7: EMC (nyse: EMC news people ) fires 2,400 as it reduces 2009 expenses by $350 million.

Jan. 6: Alcoa (nyse: AA news people ) starts global salary and hiring freeze, plans sale of four non-core businesses and cuts workforce by 13% (13,500 jobs).

Jan. 6: Aqua Glass–a subsidiary owned by Masco (nyse: MAS news people )–pink-slips 30 employees.

Jan. 5: Cigna (nyse: CI news people ) reduces workforce by 4% (1,100 jobs).

Jan. 5: United States Steel (nyse: X news people ) cuts 50 jobs as it closes production lines in Texas.

HT: Forbes.com

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