This information is intended for business analysts, corporate strategists, marketers, salespeople, investment analysts, financial advisers, and others who are interested in companies that are contracting. The information can be valuable to job seekers also, to understand companies that are probably not in growth mode.
Government topped the list this week as 30 local governmental units and school districts announced layoffs this week affecting thousands of workers, lead by The City of Los Angeles’ announcement of 1,700 job cuts and Charlotte-Mecklenburg Schools announced 500 layoffs. We are seeing more local governmental and education layoffs this as we approach the end of the school year as well as government fiscal years – Governments and school boards have to finalize budgets for next year and announcing related layoffs.
Energy was next, as Chevron announced 1,500 job cuts in the Bay Area and throughout the US. Pfizer continues to cut as it integrates post-merger operations as it announced 1,400 pharmaceutical industry layoffs, while Takeda Pharmaceutical revealed 500 Chicago area job cuts. Defense also slashed headcount as General Dynamics/NASSCO laid off 900 San Diego employees and Northrup Grumman cut 330 jobs in Fort Eustis VA.
Health and Hospitals Corporation demonstrated that health care is downsizing, even while the industry is hiring overall, as the organization laid off 500 NYC workers.
Inclusion on this listing doesn’t mean the entire industry is down, as some from the same sectors appeared on the “Who’s Hiring” article published 5/10/10.
Job seekers: You might want to look in greener pastures than these companies.
Organizations announcing or rumored layoffs for the week ended 5/14/10:
- City of Los Angeles CA (1,700)
- Chevron, San Ramon CA, Concord CA and Various US (1,500)
- Pfizer Inc, NYC NY (1,400)
- General Dynamics/NASSCO, San Diego CA (900)
- Takeda Pharmaceutical, Chicago IL (500)
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