Posts filed under ‘information technology’
100 Best Companies to Work For 2009
20 Of The Best Cities In The World For Telecommuting
With mobile broadband and Wi-Fi hot spots becoming increasingly ubiquitous, it is possible for people to work from home in almost every city in the world. So why is it that solo entrepreneurs and telecommuting employees often opt to live in some of the most expensive cities in the nation? Perhaps it is because inexpensive mortgages are not the only thing drawing mobile employees to live in specific areas.
Cost of living is just one factor in the big picture of how people choose where to live. Other factors include job opportunities, entertainment options, access to cultural activities and the quality of life in the city. Work-at-home techies may be drawn to cities where rents are cheap but they may also weigh their decision against the availability of tech expos in the city, the number of Internet cafes in the area and the general community support for telecommuting individuals.
With those factors in mind, the mobile employee may want to look at the following cities which are ranked as the best cities in which to be an at-home, tech-using employee. Some are better for the freelancer, others for the telecommuter and still others for the solo entrepreneur who runs a virtual start-up. All of them are good spots for the person who wants his work environment to be limited only by his wireless connection and not by the flimsy walls of a cubicle.
San Francisco, California
It’s one of the most expensive cities in the nation but that doesn’t deter people from wanting to live here and work from home. It’s an all-around terrific city for people at any level of telecommuting.
Individuals running their own virtual start-ups will find it easy to get connected and maintain that low overhead. People who want to work for established businesses but telecommute from home need look no further than big businesses like Second Life or temp services that place people in virtual assistant jobs. The attitude here is completely open to people who work from home, the public transit is developing to allow wireless connections during commutes and the city is home to numerous expos including Web 2.0 and MacWorld Expo. The only drawback is the price that you’ll pay to live here but many say it’s worth it.
Austin, Texas
People who are seeking to live in a techie hot spot that isn’t too expensive will find that the developing tech industry in Austin, Texas is a great place to find a job. A large number of tech start-ups have been successful in this area. It’s also a leading area for business in general so it’s a particularly good place for the work-at-home techie entrepreneur who wants to run a business without setting up a physical office space.
Raleigh-Durham, North Carolina
This part of the United States has grown considerably in the areas of information technology and software development. The at-home employee who wants to work as a freelancer in software development will find that this is a good place to make some connections while still working from home. The climate is moderate, home prices are fair and the low crime rate makes it a place that’s safe for families.
Vancouver, Canada
If you want to make a move to Canada, you might want to think about heading to the West Coast city of Vancouver. One of the largest cities in the state, it also happens to be one of the most progressive. It’s involved in eco-friendly efforts to ‘green‘ its urban area and it’s highly supportive of telecommuting as part of that effort. It’s also just a beautiful city with a lot of opportunities to enjoy yourself when you’re not hard at work.
Seattle, Washington
This Northwestern United States city is a terrific happy medium for the work-at-home employee who can’t move all the way north to Vancouver and doesn’t want to head south towards San Francisco. It’s an expensive city but not as pricey as California cities and it offers all of the tech opportunities that you need to really enjoy life as a tech fiend. It’s also one of the healthiest cities in the United States.
Copenhagen, Denmark
This was recently named one of the happiest cities in the entire world. For the work-at-home employee who seeks to be happy, that’s a big benefit. It isn’t easy for residents of other countries to find work-at-home jobs here but the individual who has an online job elsewhere can complete that job from Copenhagen and enjoy a great daily life. It’s also one of the cheapest international cities to live in so you won’t even pay much to be happy here.
Phoenix, Arizona
This city has been growing in popularity over the past several years. A lot of money has been invested to grow business in this area and it’s the home of a number of huge tech conferences each year. It’s also got a great leisure side with a strong resort and golf community so you can earn good money while working and then go play hard after you’re done at work. The best work-at-home situation here is to find a business which needs tech help that you can do from your home office.
Seoul, South Korea
If you’re looking to really go international with a work-at-home job move then you might want to look at Seoul. This city has the best >broadband penetration in the world. There are also numerous companies here that you can try to get a job with, primarily in the wireless industry. There are also tons of Internet cafes so you can easily get to know other people in the community after you make your move.
Syracuse, New York
People who want to live in an inexpensive place and yet be close to a major city will find that upstate New York offers the right balance of opportunities. In Syracuse, you can easily purchase a single-family home for under $100,000. Despite this, you’ll be just hours from all of the employment and entertainment opportunities of New York City. It’s a win-win situation.
Anchorage, Alaska
If you really want to get away from the world and enjoy a terrific home in a beautiful part of the world then Anchorage is a great spot. It’s an urban city that will have what you need in terms of a tech connection. However, it’s a remote area compared to the rest of the world and will give you lots of peace and quiet. You can live cheaply here so you don’t even have to work full-time. The computer can rest while you go adventuring in the snow.
Atlanta, Georgia
This city is considered the most wired city in the United States. That makes it a great place for the individual who needs to be wired all day in order to work. It’s also a great city because it’s fairly inexpensive to live there but it offers a lot of jobs in the tech industry. What that means is that you can earn a good income here and yet not pay a lot in terms of cost of living.
Taipei, Taiwan
This city was one of the first to start dealing with its traffic congestion by encouraging employees to telecommute. With a goal of becoming the world’s first cyber-city, Taipei has gone a long way towards making it really easy to get a wireless connection here. You’ll be able to enjoy a great global experience and keep your online job.
Cordoba, Argentina
If you’re looking to make a move to South America then this is the city that you’ll want to keep your eye on. It’s a terrific city that seamlessly blends a culturally rich history with a modern technological approach to industry. It’s the center of the country’s technology and home to extensive research in both satellite technology and various sciences. It’s a safe city and one where it’s fairly easy to stay wired so you can work.
Barcelona, Spain
If you happen to be a single person who is in need of both a partner and a work-at-home job, your best international bet is to head to Barcelona. Once named one of the best cities for singles, it’s a place that offers a lot of romance. Even if you don’t end up finding a significant other, all of that romance is sure to inspire your creative side. At least that’ll be good for your online work!
Bangalore, India
It’s a beautiful city that is very inexpensive and yet it’s easy to find a wireless connection. Whether you want to work from your mobile phone or lug a laptop to an Internet cafe, this city is going to be a place that will keep you busy.
Santa Fe, New Mexico
One of the areas of the tech industry that is going to grow considerably in the upcoming years is green technology. Santa Fe is a city that’s already looking towards making developments in this area which is going to make it a great place for green telecommuting techies before too much more time passes. It’s a fairly inexpensive place to buy a home so you might want to invest in a move now.
Mexico City, Mexico
As the most populated city in the entire world, Mexico City is definitely a big urban place. That means there are a lot of opportunities to meet people and have a good time here. It’s also an up-and-coming city in terms of wireless technology which means you can do some great business here. If Mexico is a place that appeals to you, this is the best city to choose.
Salt Lake City, Utah
This United States city was voted one of the best places to find a job last year and it remains number one on the list again this year. Because the jobs here are primarily in the tech industry, it shouldn’t be too difficult to find an employer who would be more than happy to let you work from home at least part time.
Colorado Springs, Colorado
One of the biggest problems plaguing work-at-home employees is that they get lazy. Because of that, it’s a good idea to move to a city that cares about fitness. Colorado City is ranked highest in the United States for fit cities. This can be a great benefit to the at-home employee who needs an extra push to maintain a healthy lifestyle.
Stockholm, Sweden
This is the home of the headquarters of The Pirate Bay the world’s largest BitTorrent tracker. For those who don’t know, that means that there’s been a big push here to fight lawsuits against illegal filesharing. With that kind of precedent, it’s a great place for the techie who is interested in open source development of products and web services.
100 Biggest Companies of the World – Rankings and Statistics
Rank |
|||||||
1 |
United Kingdom |
Banking |
146.50 |
19.13 |
2,348.98 |
180.81 |
|
2 |
United States |
Conglomerates |
172.74 |
22.21 |
795.34 |
330.93 |
|
3 |
United States |
Banking |
119.19 |
14.98 |
1,715.75 |
176.53 |
|
4 |
United States |
Banking |
116.35 |
15.37 |
1,562.15 |
136.88 |
|
5 |
United States |
Oil & Gas Operations |
358.60 |
40.61 |
242.08 |
465.51 |
|
6 |
Netherlands |
Oil & Gas Operations |
355.78 |
31.33 |
266.22 |
221.09 |
|
7 |
United Kingdom |
Oil & Gas Operations |
281.03 |
20.60 |
236.08 |
204.94 |
|
8 |
Japan |
Consumer Durables |
203.80 |
13.99 |
276.38 |
175.08 |
|
9 |
Netherlands |
Insurance |
197.93 |
12.65 |
1,932.15 |
75.78 |
|
10 |
United States |
Diversified Financials |
118.25 |
13.21 |
273.16 |
216.65 |
|
10 |
United Kingdom |
Banking |
108.45 |
14.62 |
3,807.51 |
76.64 |
|
12 |
United States |
Telecommunications Services |
118.93 |
11.95 |
275.64 |
210.22 |
|
13 |
France |
Banking |
116.16 |
10.71 |
2,494.41 |
81.90 |
|
14 |
Germany |
Insurance |
139.12 |
10.90 |
1,547.48 |
80.30 |
|
15 |
France |
Oil & Gas Operations |
199.74 |
19.24 |
165.75 |
181.80 |
|
16 |
United States |
Retailing |
378.80 |
12.73 |
163.38 |
198.60 |
|
17 |
United States |
Oil & Gas Operations |
203.97 |
18.69 |
148.79 |
179.97 |
|
18 |
United States |
Insurance |
110.06 |
6.20 |
1,060.51 |
118.20 |
|
19 |
Russia |
Oil & Gas Operations |
81.76 |
23.30 |
201.72 |
306.79 |
|
20 |
France |
Insurance |
151.70 |
7.75 |
1,064.67 |
70.33 |
|
21 |
Spain |
Banking |
72.26 |
10.02 |
1,332.72 |
113.27 |
|
22 |
United States |
Oil & Gas Operations |
171.50 |
11.89 |
177.76 |
129.15 |
|
23 |
United States |
Diversified Financials |
87.97 |
11.60 |
1,119.80 |
67.16 |
|
24 |
United States |
Banking |
159.23 |
3.62 |
2,187.63 |
123.44 |
|
25 |
United Kingdom |
Banking |
79.70 |
8.76 |
2,432.34 |
62.43 |
|
26 |
France |
Utilities |
81.60 |
7.69 |
271.66 |
170.81 |
|
27 |
Germany |
Utilities |
94.04 |
9.86 |
200.84 |
126.22 |
|
28 |
Italy |
Oil & Gas Operations |
119.27 |
13.70 |
128.15 |
127.38 |
|
29 |
Brazil |
Oil & Gas Operations |
87.52 |
11.04 |
129.98 |
236.67 |
|
30 |
China |
Oil & Gas Operations |
88.24 |
18.21 |
111.70 |
546.14 |
|
31 |
United States |
Household & Personal Products |
79.74 |
11.13 |
144.40 |
203.67 |
|
32 |
Germany |
Diversified Financials |
95.50 |
7.45 |
1,485.58 |
56.27 |
|
33 |
Italy |
Banking |
63.67 |
7.19 |
1,077.21 |
77.46 |
|
34 |
Spain |
Telecommunications Services |
82.40 |
13.00 |
143.13 |
138.42 |
|
35 |
Japan |
Banking |
49.49 |
7.50 |
1,591.56 |
98.14 |
|
36 |
Germany |
Consumer Durables |
149.00 |
5.64 |
210.88 |
90.23 |
|
37 |
United States |
Software & Services |
98.79 |
10.42 |
120.43 |
157.62 |
|
38 |
Luxembourg |
Materials |
105.22 |
10.37 |
133.65 |
108.82 |
|
38 |
Germany |
Consumer Durables |
145.11 |
5.82 |
199.77 |
85.16 |
|
40 |
Spain |
Banking |
54.34 |
8.94 |
733.14 |
78.29 |
|
41 |
United States |
Banking |
53.59 |
8.06 |
575.44 |
96.37 |
|
42 |
China |
Banking |
37.48 |
6.31 |
961.65 |
289.57 |
|
43 |
Switzerland |
Diversified Financials |
83.72 |
7.53 |
1,194.75 |
50.85 |
|
44 |
United Kingdom |
Banking |
100.32 |
8.10 |
1,336.17 |
44.84 |
|
45 |
France |
Banking |
101.59 |
6.49 |
1,662.60 |
45.73 |
|
45 |
Switzerland |
Food Drink & Tobacco |
94.76 |
9.38 |
99.06 |
188.11 |
|
47 |
Netherlands |
Diversified Financials |
121.19 |
5.46 |
1,020.98 |
49.04 |
|
48 |
United States |
Telecommunications Services |
93.47 |
5.65 |
186.96 |
104.27 |
|
49 |
France |
Telecommunications Services |
77.31 |
9.20 |
137.09 |
87.89 |
|
50 |
Germany |
Conglomerates |
103.20 |
5.42 |
126.72 |
118.47 |
|
50 |
United States |
Banking |
55.53 |
6.31 |
782.90 |
60.69 |
|
52 |
China |
Oil & Gas Operations |
133.79 |
6.90 |
77.44 |
186.38 |
|
53 |
United States |
Technology Hardware & Equip |
107.67 |
7.85 |
88.57 |
122.04 |
|
54 |
United Kingdom |
Banking |
58.74 |
6.53 |
701.08 |
50.95 |
|
55 |
Canada |
Banking |
43.57 |
5.77 |
629.96 |
64.41 |
|
56 |
China |
Banking |
31.13 |
5.49 |
679.57 |
171.45 |
|
57 |
United States |
Drugs & Biotechnology |
48.42 |
8.14 |
115.27 |
152.17 |
|
58 |
United States |
Drugs & Biotechnology |
61.10 |
10.58 |
80.95 |
175.51 |
|
59 |
South Korea |
Semiconductors |
92.26 |
8.56 |
87.49 |
87.84 |
|
60 |
Norway |
Oil & Gas Operations |
89.00 |
7.52 |
89.16 |
98.36 |
|
61 |
Italy |
Insurance |
102.16 |
3.17 |
486.43 |
60.79 |
|
62 |
China |
Banking |
29.16 |
5.93 |
697.44 |
126.55 |
|
63 |
United States |
Software & Services |
57.90 |
16.96 |
67.34 |
253.15 |
|
64 |
France |
Utilities |
64.96 |
5.37 |
114.89 |
83.56 |
|
65 |
Switzerland |
Insurance |
55.05 |
5.63 |
387.67 |
45.76 |
|
66 |
Japan |
Telecommunications Services |
91.57 |
4.06 |
149.71 |
60.27 |
|
67 |
France |
Drugs & Biotechnology |
40.95 |
7.68 |
104.98 |
101.17 |
|
68 |
Japan |
Consumer Durables |
94.35 |
5.04 |
101.82 |
56.82 |
|
69 |
Finland |
Technology Hardware & Equip |
74.54 |
10.52 |
52.62 |
145.66 |
|
70 |
Germany |
Insurance |
67.57 |
5.63 |
306.03 |
37.34 |
|
71 |
Japan |
Banking |
32.52 |
5.28 |
1,272.17 |
48.80 |
|
72 |
Switzerland |
Drugs & Biotechnology |
40.22 |
12.62 |
71.89 |
111.62 |
|
73 |
United States |
Insurance |
53.01 |
4.32 |
558.56 |
41.32 |
|
74 |
Switzerland |
Drugs & Biotechnology |
40.65 |
8.60 |
67.72 |
169.32 |
|
75 |
United States |
Diversified Financials |
85.33 |
2.56 |
1,045.41 |
46.53 |
|
76 |
Brazil |
Materials |
33.23 |
10.26 |
74.70 |
161.39 |
|
77 |
United Kingdom/Australia |
Materials |
29.70 |
7.31 |
100.81 |
165.48 |
|
78 |
Hong Kong/China |
Telecommunications Services |
37.06 |
8.29 |
62.44 |
308.59 |
|
79 |
United Kingdom |
Drugs & Biotechnology |
45.07 |
10.35 |
57.16 |
120.05 |
|
80 |
Germany |
Chemicals |
84.60 |
5.93 |
67.33 |
60.96 |
|
81 |
Germany |
Utilities |
56.17 |
3.64 |
119.50 |
68.19 |
|
82 |
Japan |
Banking |
33.04 |
3.76 |
850.75 |
56.10 |
|
83 |
Australia/United Kingdom |
Materials |
39.50 |
13.42 |
53.36 |
190.62 |
|
84 |
United States |
Media |
46.48 |
4.39 |
133.83 |
55.83 |
|
8 |
Brazil |
Banking |
36.12 |
4.11 |
192.65 |
59.80 |
|
85 |
Belgium |
Banking |
35.22 |
4.66 |
517.98 |
43.66 |
|
87 |
Belgium |
Banking |
140.78 |
3.47 |
889.98 |
28.04 |
|
88 |
United States |
Food Drink & Tobacco |
38.05 |
9.16 |
57.21 |
154.20 |
|
89 |
Australia |
Banking |
38.88 |
4.06 |
499.44 |
43.95 |
|
90 |
United States |
Technology Hardware & Equip |
37.68 |
8.07 |
55.30 |
145.39 |
|
91 |
Canada |
Insurance |
33.08 |
4.01 |
178.58 |
59.18 |
|
92 |
Canada |
Banking |
28.02 |
4.25 |
431.30 |
48.08 |
|
93 |
United States |
Semiconductors |
38.33 |
6.98 |
55.65 |
115.59 |
|
94 |
Netherlands/United Kingdom |
Food Drink & Tobacco |
54.82 |
5.30 |
53.40 |
92.75 |
|
95 |
Canada |
Banking |
26.51 |
4.20 |
443.56 |
48.38 |
|
96 |
Japan |
Consumer Durables |
89.09 |
3.92 |
104.20 |
37.90 |
|
97 |
United States |
Diversified Financials |
59.00 |
4.19 |
691.06 |
27.05 |
|
98 |
France |
Food Markets |
112.40 |
3.15 |
75.73 |
49.95 |
|
99 |
Australia |
Banking |
26.48 |
3.80 |
360.42 |
51.86 |
|
100 |
United States |
Aerospace & Defense |
66.39 |
4.07 |
58.99 |
63.32 |
Layoff Tracker – Since November 08 – Till Date – Total 350,725 Layoffs
Date |
Company |
Total Laid Off |
Industry |
MM/DD/YYYY | COMPANY NAME | #### | INDUSTRY |
1/28/2009 |
Starbucks |
6,700 |
Restaurants |
1/28/2009 |
Boeing |
10,000 |
Aerospace |
1/28/2009 |
Time Warner |
1,500 |
Media |
1/27/2009 |
Target |
1,000 |
Retailing |
|
|
|
|
1/27/2009 |
Masco |
600 |
Construction |
1/26/2009 |
IBM |
2,800 |
Software |
1/26/2009 |
Texas Instruments |
3,400 |
Semiconductors |
1/26/2009 |
Lincoln National |
540 |
Insurance |
1/26/2009 |
Caterpillar |
20,814 |
Capital Goods |
1/26/2009 |
General Motors |
9,758 |
Durables |
1/26/2009 |
Home Depot |
7,000 |
Retailing |
1/26/2009 |
Pfizer |
19,800 |
Pharmaceuticals |
1/26/2009 |
Sprint Nextel |
8,000 |
Telecommunications |
1/23/2009 |
Abercrombie & Fitch |
50 |
Retailing |
1/23/2009 |
Deere & Company |
662 |
Capital Goods |
1/23/2009 |
Harley-Davidson |
1,100 |
Consumer Durables |
1/22/2009 |
Microsoft |
5,000 |
Software |
1/22/2009 |
Huntsman |
1,665 |
Chemicals |
1/21/2009 |
Burlington Santa Fe |
2,500 |
Transportation |
1/21/2009 |
UAL |
1,000 |
Transportation |
1/21/2009 |
SPX |
400 |
Conglomerates |
1/21/2009 |
Intel |
5,000 |
Semiconductors |
1/21/2009 |
Walt Disney |
600 |
Media |
1/21/2009 |
Wynn Resorts |
53 |
Leisure |
1/21/2009 |
Eaton |
5,609 |
Capital Goods |
1/20/2009 |
Clear Channel |
1,850 |
Media |
1/20/2009 |
Deere & Co. |
160 |
Capital Goods |
1/16/2009 |
ConocoPhillips |
1,300 |
Oil & Gas |
1/16/2009 |
Hertz Global Holdings |
4,000 |
Business Services |
1/16/2009 |
WellPoint |
600 |
Health Care |
1/16/2009 |
Advanced Micro Devices |
1,700 |
Semiconductors |
1/15/2009 |
Xerox |
275 |
Business Services |
1/15/2009 |
MeadWestvaco |
2,000 |
Materials |
1/15/2009 |
Autodesk |
750 |
Software |
1/15/2009 |
Marshall & Ilsley |
830 |
Banking |
1/15/2009 |
General Electric |
1,000 |
Conglomerates |
1/14/2009 |
Ecolab |
1,000 |
Chemicals |
1/14/2009 |
Delta Air Lines |
2,000 |
Transportation |
1/14/2009 |
Motorola |
4,000 |
Technology |
1/14/2009 |
|
100 |
Software |
1/13/2009 |
KeyCorp |
200 |
Banking |
1/13/2009 |
Newell Rubbermaid |
75 |
Household |
1/13/2009 |
Cummins |
1,300 |
Capital Goods |
1/12/2009 |
Textron |
2,665 |
Conglomerates |
1/12/2009 |
Mosaic |
1,000 |
Chemicals |
1/12/2009 |
Best Buy |
500 |
Retailing |
1/12/2009 |
Precision Castparts |
40 |
Defense |
1/9/2009 |
Oracle |
500 |
Software |
1/9/2009 |
Smithfield Foods |
75 |
Food |
1/9/2009 |
Freeport-McMoRan Copper & Gold |
2,750 |
Materials |
1/8/2009 |
Union Pacific |
230 |
Transportation |
1/8/2009 |
General Dynamics |
179 |
Defense |
1/7/2009 |
Walgreen |
1,000 |
Retailing |
1/7/2009 |
EMC |
2,400 |
Technology |
1/6/2009 |
Alcoa |
13,500 |
Materials |
1/5/2009 |
Cigna |
1,100 |
Health Care |
1/5/2009 |
United States Steel |
4,225 |
Materials |
12/31/2008 |
Mohawk Industries |
160 |
Consumer Durables |
12/31/2008 |
Tyson Foods |
120 |
Food |
12/31/2008 |
Target |
132 |
Retailing |
12/30/2008 |
Allegheny Technologies |
323 |
Materials |
12/30/2008 |
Motorola |
400 |
Technology |
12/23/2008 |
ULA (Boeing, Lockheed Martin) |
172 |
Joint Venture |
12/23/2008 |
Johnson Controls |
125 |
Consumer Durables |
12/23/2008 |
Las Vegas Sands |
11,500 |
Leisure |
12/22/2008 |
Parker-Hannifin |
405 |
Capital Goods |
12/19/2008 |
Genworth Financial |
1,000 |
Insurance |
12/19/2008 |
Electronic Arts |
1,000 |
Software |
12/19/2008 |
Sovereign Bancorp |
1,000 |
Banking |
12/18/2008 |
Omnicom Group |
3,145 |
Media |
12/17/2008 |
Ryder System |
3,100 |
Services |
12/17/2008 |
Western Digital |
2,500 |
Technology |
12/17/2008 |
Aetna |
1,000 |
Health Care |
12/17/2008 |
Parker-Hannifin |
46 |
Capital Goods |
12/17/2008 |
Bristol-Myers Squibb |
3,700 |
Pharmaceuticals |
12/16/2008 |
CBS |
30 |
Media |
12/15/2008 |
Merrill Lynch |
400 |
Financials |
12/15/2008 |
Charles Schwab |
100 |
Financials |
12/13/2008 |
Berkshire Hathaway |
345 |
Finance |
12/12/2008 |
International Paper |
2,050 |
Materials |
12/11/2008 |
Bank of America |
35,000 |
Banking |
12/11/2008 |
Whirlpool |
250 |
Durables |
12/10/2008 |
Mohawk Industries |
105 |
Durables |
12/10/2008 |
Procter & Gamble |
320 |
Household |
12/09/2008 |
Praxair |
1,600 |
Chemicals |
12/08/2008 |
Anheuser-Busch Co. |
1,400 |
Food |
12/08/2008 |
3M |
2,300 |
Conglomerates |
12/08/2008 |
Wyndham Worldwide |
4,000 |
Leisure |
12/08/2008 |
Dow Chemical |
5,000 |
Chemicals |
12/05/2008 |
Legg Mason |
200 |
Financials |
12/05/2008 |
Cablevision |
100 |
Media |
12/05/2008 |
Staples |
140 |
Retailing |
12/04/2008 |
Steel Dynamics |
65 |
Materials |
12/04/2008 |
Windstream |
170 |
Telecommunications |
12/04/2008 |
General Electric |
500 |
Conglomerates |
12/04/2008 |
E.I. du Pont de Nemours |
2,500 |
Chemicals |
12/04/2008 |
AT&T |
12,000 |
Telecommunications |
12/03/2008 |
United Technologies |
350 |
Conglomerates |
12/03/2008 |
Gannett |
2,000 |
Media |
12/03/2008 |
Adobe Systems |
600 |
Software |
12/03/2008 |
Jefferies Group |
300 |
Financials |
12/03/2008 |
Viacom |
850 |
Media |
12/01/2008 |
JPMorgan Chase |
9,200 |
Banking |
12/01/2008 |
PepsiCo |
87 |
Food |
11/25/2008 |
Dana Holding |
50 |
Durables |
11/24/2008 |
BlackRock |
10 |
Financials |
11/21/2008 |
Western Union |
200 |
Business Services |
11/20/2008 |
Bank of New York Mellon |
1,800 |
Banking |
11/20/2008 |
Boeing |
800 |
Aerospace |
11/17/2008 |
Citigroup |
52,000 |
Banking |
11/14/2008 |
Sun Microsystems |
6,000 |
Technology |
11/12/2008 |
Applied Materials |
1,800 |
Technology |
11/12/2008 |
Morgan Stanley |
2,000 |
Finance |
11/12/2008 |
Liberty Media |
910 |
Retailing |
11/11/2008 |
AK Steel Holding |
800 |
Materials |
11/7/2008 |
Ford Motor |
2,600 |
Durables |
11/6/2008 |
Mattel |
1,000 |
Household |
11/6/2008 |
MGM Mirage |
400 |
Leisure |
11/4/2008 |
Hartford Financial Services Group |
500 |
Finance |
January 2009 Layoffs
Layoffs for January 2009 at America’s 500 largest public companies*:
151,352
Jan. 28: Boeing (nyse: BA – news – people ) increases previously announced layoffs–bringing total to 10,000 workers, or 6% of the company’s workforce.
Jan. 28: Starbucks (nasdaq: SBUX – news – people ) organizes closings at 900 stores worldwide and fires 6,700 in the process.
Jan. 28: Target (nyse: TGT – news – people ) cuts 400 open positions and 600 employees on sagging sales.
Jan. 27: Time Warner’s (nyse: TWX – news – people ) AOL reduces workforce by 10% (700 workers) as it fights declining ad revenue.
Jan. 27: Cabinet company Merillat–a subsidiary of Masco (nyse: MAS – news – people )–cuts 20% of workforce (70 workers).
Jan. 26: Texas Instruments (nyse: TXN – news – people ) pink-slips 3,400 (12% of workforce).
Jan. 26: IBM (nyse: IBM – news – people ) selects 2,800 to participate in its “current resource reduction action.”
Jan. 26: Lincoln National (nyse: LNC – news – people ) posts five quarterly declines in profit; cuts 540 (5% of workforce).
Jan. 26: Caterpillar (nyse: CAT – news – people ) announces quarterly profit plunge of 32%; fires 20,000.
Jan. 26: Following the acquisition of the small drug outfit Wyeth for $68 billion, Pfizer (nyse: PFE – news – people ) closes five factories and cuts 15% of total workforce (19,000 workers).
Jan. 26: Sprint Nextel (nyse: S – news – people )
pink-slips 8,000 workers–recording more than $300 million in severance charges but saving $1.2 billion a year in labor costs.
Jan. 26: Home Depot (nyse: HD – news – people ) closes high-end home design shops and slims ranks at headquarters; dismisses 7,000.
Jan. 26: General Motors (nyse: GM – news – people ) cuts production at several plants and fires 2,000 in Michigan and Ohio.
Jan. 23: Brazil-based Deere & Company (nyse: DE – news – people ) subsidiary lays off 502 employees.
Jan. 23: Abercrombie & Fitch (nyse: ANF – news – people ) cuts 50 from headquarters as company leans expenses.
Jan. 23: Harley-Davidson (nyse: HOG – news – people ) sees 60% drop in profits in fourth quarter of 2008; fires 1,100 (10% of workforce).
Jan. 22: Microsoft (nasdaq: MSFT – news – people ) has first mass layoff in 34-year history; pink slips 5,000.
Jan. 22: Huntsman (nyse: HUN – news – people ) reduces workforce by 9%; cutting 1,175 regular workers and 490 full-time contractors.
Jan. 21: Burlington Santa Fe cuts 2,500 workers (5% of workforce) despite a 19% jump in earnings during the fourth quarter.
Jan. 21: UAL (nasdaq: UAUA – news – people ) fires 1,000 to cut overhead costs.
Jan. 21: SPX (nyse: SPW – news – people ) attempts to sell a business unit and cuts 400 employees to help endure the downturn.
Jan. 21: Intel (nasdaq: INTC – news – people ) closes five manufacturing plants and pink slips 5,000.
Jan. 21: Walt Disney (nyse: DIS – news – people ) offers voluntary buyouts to 600 theme park executives on poor attendance.
Jan. 21: Wynn Resorts wraps up construction on Las Vegas Strip casino with 53-worker layoff in design and construction affiliate.
Jan. 21: Eaton (nyse: ETN – news – people ) brings total workforce reduction since the beginning of last year to 10% with 5,200-worker cut.
Jan. 21: Warner Bros. Entertainment–a part of Time Warner (nyse: TWX – news – people )–cuts 10% (800) of its jobs.
Jan. 20: Clear Channel Communications (nyse: CCU – news – people ) reduces workforce across the entire company by 9% accounting for 1,850 job losses.
Jan. 20: Deere & Co. (nyse: DE – news – people ) dismisses 120 at Iowa plant.
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. 15: General Electric (nyse: GE – news – people )’s (nyse: GE – news – people ) jet-engine group cuts 1,000 white-collar jobs.
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 companywide 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.
IBM layoffs now 4,200 — may go higher
IBM’s not-so-secret layoffs may have reached 4,200, according to Alliance@IBM, which believes that thousands of other employees will be losing their jobs as well before the cuts end. According to Lee Conrad, a former IBM employee who is now the national coordinator of Alliance@IBM, about 1,200 employees who work in IBM’s systems technology group at sites around the country have been laid off, and about 200 in the research division were let go as well. These reports bring the total layoff count at IBM to about 4,200. Source: Computerworld
Global job losses could hit 51 million
As many as 51 million jobs worldwide could be lost this year because of the global economic crisis, says the International Labour Organization(ILO). The UN agency says that would push up the world’s unemployment rate to 7.1% by the end of 2009, compared with 6.0% in 2008 and 5.7% in 2007. The ILO’s most optimistic forecast is for 18 million more unemployed, giving a global jobless rate of 6.1%. It says developing countries will suffer most from additional job losses. Source: BBC News
Green Collar Jobs: 37 million by 2030
The renewable energy and energy efficiency (RE&EE) industries represented more than 9 million jobs and $1,045 billion in U.S. revenue in 2007, according to a new report offering the most detailed analysis yet of the green economy. The renewable energy industry grew three times as fast as the U.S. economy, with the solar thermal, photovoltaic, biodiesel, and ethanol sectors leading the way, each with 25%+ annual revenue growth. According to the advanced scenario in the report, which represents the upper limit of what is technologically and economically feasible, RE&EE would generate about 37 million jobs and $4,294 billion in annual revenue by 2030. Source: American Solar Energy Society
SAP cutting 3,000 jobs worlwide
SAP AG said Wednesday it will cut a little more than 3,000 jobs in response to the worldwide economic downturn. The Walldorf, Germany-based software giant said it will reduce its work force to 48,500 by the end of the year, down from 51,536 at the end of last year. The cuts will enable it to save 300 million to 350 million euros a year starting in 2010, SAP said. Source: Philadelphia Business Journal
Sprint Slashes 8,000 Jobs – 26 January 2009 Report
Cost-cutting efforts expected to save third-place carrier $1.2B in 2009.
The new year is seeing Sprint dramatically step up its cost-cutting efforts, with the third-largest U.S. wireless carrier announcing today that it’s cutting 8,000 jobs, or 14 percent of its workforce. The labor reduction, which includes 850 employees who accepted a voluntary layoff package last year, will save $1.2 billion annually, the company said. Sprint (NYSE: S) told InternetNews.com the layoffs will not impact its Clearwire WiMAX partnership or the impending launch of Palm’s new Pre smartphone in the first half of this year. Sprint is the exclusive carrier for the closely watched handset, which is seen by many industry observers as key for Palm. “We have not determined specific impact to business units, but we are committed to maintaining the high level of customer care that we have achieved in the last year,” spokesperson James Fisher told InternetNews.com. “We are committed to ensuring that our networks continue to operate at their current best-ever metrics and want our customers to know that this will not impact the quality of service they are used to.”
The news comes at a critical time for Sprint, given subscriber losses last year that pushed it further behind the nation’s No. 1 carrier, Verizon Wireless, and second-place carrier AT&T. Fisher said Sprint currently has 51 million subscribers, which represents a loss of 3 million since November 2007, 1.3 million of which came during third quarter alone. But Sprint’s rivals continue adding users with increases in every quarter of the past year: As of November 2008, AT&T’s total subscriber base was 74.9 million, while Verizon Wireless totals 84 million following its acquisition of Alltel — a deal that pushed it into the top spot as the nation’s largest carrier. “We have had customer losses, but we also believe we must reduce our overall costs to ensure that we remain financially sound in the current challenging economic environment,” Fisher said. The company’s move to cut expenses also has prompted it to suspend matching funds for employee 401(k) retirement plans, extend last year’s freeze on pay increases through 2009 and cancel a tuition reimbursement program for the year, according to a company statement.
Sprint said its layoffs, which would be completed by end of March, will not impact customer support and that staffing cuts will be fewer within other customer-facing groups. Though Fisher stated the cost cuts won’t impact Sprint’s ongoing WiMAX partnership with Clearwire, it may not bode well given that Clearwire’s ambitious network plan may have financial worries of its own. The $14.5 billion effort, of which Sprint owns 51 percent, debuted its first network in Baltimore last year, with the second leg launching in Portland, Oregon earlier this month. However, Clearwire executives warned last year the effort needs an additional $2 billion to $3 billion for completion.
The company’s 4G technology promises to blanket entire cities with Web access for laptops, mobile phones and other wireless devices, which could see speeds of up to five times faster than traditional wireless networks. Other investors in Clearwire include Comcast, Google, Time Warner, Bright House and Intel. AT&T and Verizon Wireless, meanwhile, are placing their bets on the competing Long-Term Evolution (LTE) standard, which also promises faster and cheaper Internet services. Sprint also said today that it would report its fourth-quarter results on Feb. 19, eight days earlier than initially stated. Fisher said internal accounting requirements were completed sooner than expected and the reason for the date change.