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World's 20 biggest layoffs in 2011

Last updated on: September 11, 2012 08:33 IST

World's 20 biggest layoffs in 2011

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Companies across the world are laying off workers as economic slowdown grips the global economy.

Let's take a look at some of the biggest layoffs in the world.

Source: Business Insider

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Image: People line up inside an unemployment bureau in Athens, Greece.
Photographs: John Kolesidis/Reuters
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Hewlett-Packard

Jobs lost (2011): 27,275

Per cent of employees cut: 7.8 per cent

Number of employees after cuts: 322,325

Global rank in cuts: 1

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Image: HP logo is seen outside Hewlett-Packard Belgian headquarters in Diegem.
Photographs: Thierry Roge/Reuters

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American Airlines

Jobs lost (2011): 14,200

Per cent of employees cut: 17.7 per cent

Number of employees after cuts: 65,900

Global rank in cuts: 2

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Image: American Airlines aircraft stand on the tarmac at Los Angeles International Airport.
Photographs: Lucas Jackson/Reuters

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Lockheed Martin

Jobs lost (2011): 10,000

Per cent of employees cut: 8.1 per cent

Number of employees after cuts: 113,000

Global rank in cuts: 3

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Image: A Danish delegation walks pass Lockheed Martin's F-35 Lightning II at the Farnborough Airshow in southern England.
Photographs: Luke MacGregor/Reuters

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IBM

Jobs lost (2011): 9,000

Per cent of employees cut: 2.1 per cent

Number of employees after cuts: 424,362

Global rank in cuts: 4

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Image: A man walks past the headquarters of IBM Japan in Tokyo.
Photographs: Toru Hanai/Reuters
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Pepsi

Jobs lost (2011): 8,700

Per cent of employees cut: 2.9 per cent

Number of employees after cuts: 288,300

Global rank in cuts: 5

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Image: A security person walks past the entrance of the second-largest European Pepsi plant near Bucharest, Romania.
Photographs: Bogdan Cristel/Reuters
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Research In Motion

Jobs lost (2011): 5,000

Per cent of employees cut: 30.3 per cent

Number of employees after cuts: 11,500

Global rank in cuts: 6

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Image: The exterior of one of the Research In Motion Limited buildings is seen in Waterloo, Canada.
Photographs: Mike Cassese/Reuters
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Google

Jobs lost (2011): 4,000

Per cent of employees cut: 7.3 per cent

Number of employees after cuts: 50,604

Global rank in cuts: 7

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Image: An employee at the headquarters of Google France in Paris.
Photographs: Jacques Brinon/Pool/Reuters
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Supervalu

Jobs lost (2011): 3,300

Per cent of employees cut: 2.5 per cent

Number of employees after cuts: 126,700

Global rank in cuts: 8

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Image: Customers leave an Albertsons grocery store with their purchases in Burbank, California. Albertsons is owned by Supervalu, the third-largest US grocery chain.
Photographs: Fred Prouser/Reuters

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Best Buy

Jobs lost (2011): 2,800

Per cent of employees cut: 1.7 per cent

Number of employees after cuts: 164,200

Global rank in cuts: 9

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Image: People walk past a Best Buy store in New York.
Photographs: Brendan McDermid/Reuters
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Boeing

Jobs lost (2011): 2,160

Per cent of employees cut: 1.3 per cent

Number of employees after cuts: 169,540

Global rank in cuts: 10

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Image: Air India's Boeing 787 Dreamliner is been given a traditional water cannon salute by the fire tenders upon its arrival at the airport in New Delhi.
Photographs: Mansi Thapliyal/Reuters
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First Solar

Jobs lost (2011): 2,000

Per cent of employees cut: 28.6 per cent

Number of employees after cuts: 5,000

Global rank in cuts: 11

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Image: A solar power plant is pictured in Tuturano near Brindisi, southern Italy.
Photographs: Alessandro Garofalo/Reuters
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Yahoo

Jobs lost (2011): 2,000

Per cent of employees cut: 14.2 per cent

Number of employees after cuts: 12,100

Global rank in cuts: 11

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Image: Yahoo office in Santa Monica, California.
Photographs: Mario Anzuoni/Reuters

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Lexmark

Jobs lost (2011): 1,700

Per cent of employees cut: 12.7 per cent

Number of employees after cuts: 11,600

Global rank in cuts: 13

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Image: A touch screen menu is displayed on a Lexmark Platinum Pro905 printer in Las Vegas.
Photographs: Steve Marcus/Reuters
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Kraft Foods

Jobs lost (2011): 1,600

Per cent of employees cut: 1.3 per cent

Number of employees after cuts: 124,400

Global rank in cuts: 14

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Image: Kraft macaroni and cheese products on the shelf at a grocery store in Washington, DC.
Photographs: Jonathan Ernst/Reuters

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Citigroup

Jobs lost (2011): 1,550

Per cent of employees cut: 0.6 per cent

Number of employees after cuts: 259,450

Global rank in cuts: 15

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Image: A woman walks into a Citibank branch in New York.
Photographs: Shannon Stapleton/Reuters
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JC Penney

Jobs lost (2011): 1,350

Per cent of employees cut: 0.9 per cent

Number of employees after cuts: 154,650

Global rank in cuts: 16

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Image: People walk past a JC Penney advertisement in a subway station in Manhattan New York.
Photographs: Natalie Behring/Reuters

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Cisco Systems

Jobs lost (2011): 1,300

Per cent of employees cut: 1.8 per cent

Number of employees after cuts: 70,525

Global rank in cuts: 17

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Image: Cisco headquarters in San Jose, California.
Photographs: Robert Galbraith/Reuters

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United Continental Holdings

Jobs lost (2011): 1,300

Per cent of employees cut: 1.5 per cent

Number of employees after cuts: 85,700

Global rank in cuts: 17

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Image: Travellers check in at Newark Liberty International Airport in Newark.
Photographs: Jeff Zelevansky/Reuters

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Archer-Daniels-Midland

Jobs lost (2011): 1,200

Per cent of employees cut: 3.9 per cent

Number of employees after cuts: 29,500

Global rank in cuts: 19

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Image: Two members of the Chicago Mercantile Exchange, from Cadent Financial Services, left, and Archer Daniels Midland, right, react to trading in the Live Cattle Pit in Chicago.
Photographs: John Gress/Reuters
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Patriot Coal

Jobs lost (2011): 1,000

Per cent of employees cut: 23.2 per cent

Number of employees after cuts: 3,300

Global rank in cuts: 20


Image: A labourer loads coal onto a truck at a yard on the outskirts of Jammu.
Photographs: Mukesh Gupta/Reuters
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