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10 companies that have announced most job cuts

Companies around the world have either stopped hiring or are sacking employees to reduce cost and improve their balance sheets.

Let's have a look at companies that have laid off most employees.

Source: 24/7 Wall St

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10 companies that have announced most job cuts

JPMorgan Chase & Company

Job cuts: 19,000

Number of employees: 254,063

Year-to-date share price change: Plus 15.7 per cent

Overall rank in job cuts: 1

JPMorgan Chase & Company, the biggest bank in the United States by assets, posted revenue of $97.03 billion.

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10 companies that have announced most job cuts

JC Penney Company

Job cuts: 15,020

Number of employees: 116,000

Year-to-date share price change: Minus 60.6 per cent

Overall rank in job cuts: 2

JC Penney Company, which runs chain of department stores, posted revenue of $17.2 billion.

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10 companies that have announced most job cuts

International Business Machines

Job cuts: 9,400

Number of employees: 434,246

Year-to-date share price change: Minus 6.7 per cent

Overall rank in job cuts: 3

IBM, which manufactures and sells computer hardware and software, posted revenue of $104.5 billion.

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10 companies that have announced most job cuts

Boeing Company

Job cuts: 5,800

Number of employees: 174,400

Year-to-date share price change: Plus 53.2 per cent

Overall rank in job cuts: 4

Boeing Company, one of the biggest aircraft manufacturers, posted revenue of $81.70 billion.

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10 companies that have announced most job cuts

American Express

Job cuts: 5,400

Number of employees: 63,500

Year-to-date share price change: Plus 25.6 per cent

Overall rank in job cuts: 5

American Express, a financial services company, posted revenue of $33.80 billion.

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10 companies that have announced most job cuts

Wells Fargo & Company

Job cuts: 5,236

Number of employees: 274,300

Year-to-date share price change: Plus 17.7 per cent

Overall rank in job cuts: 6

Wells Fargo & Company, a financial services firm, posted revenue of $86.08 billion.

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10 companies that have announced most job cuts

Cisco Systems

Job cuts: 4,500

Number of employees: 75,049

Year-to-date share price change: Plus 15.2 per cent

Overall rank in job cuts: 7

Cisco Systems, a company that produces and sells networking equipment, posted revenue of $48.60 billion.

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10 companies that have announced most job cuts

MetLife Incorporated

Job cuts: 3,150

Number of employees: 64,000

Year-to-date share price change: Plus 41.0 per cent

Overall rank in job cuts: 8

MetLife Incorporated, a financial services company, posted revenue of $52.71 billion.

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10 companies that have announced most job cuts

Blockbuster (Dish Network Corp)

Job cuts: 3,000

Number of employees: 35,000

Year-to-date share price change: Plus 30.1 per cent

Overall rank in job cuts: 9

Dish Network, a direct-broadcast satellite service provider, posted revenue of $14.27 billion.

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10 companies that have announced most job cuts

United Technologies

Job cuts: 3,000

Number of employees: 218,000

Year-to-date share price change: Plus 25.3 per cent

Overall rank in job cuts: 10

United Technologies, a company that manufactures aircraft engines among many other products, posted revenue of $58.19 billion.