Who’s Firing summarizes weekly research of companies announcing and rumoring layoffs for the 7 days ended 12-3-10.
Technology, pharmaceutical, financial service, entertainment, government and manufacturing employers announced the largest layoffs and firings.
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.
Top Layoffs week ended 12-3:
Technology topped the list, as EMC estimated approximately 2,400 layoffs to realign staff to slower recessionary sales. Pharmaceuticals were next as Novartis announced 1,400 US firings, primarily to its sales force, as a number of flagship drugs face patent expiration.
Financial services are feeling the heat as State Street announced it would layoff 1,400 employees in it’s Boston & NYC facilities, as the start of a multi-year cost cutting effort. Entertainment company OTB announced its board voted to dissolve NYC operations and layoff 1,000 employees, as NY State failed to approve a reorganization plan.
Government is still belt tightening, as Los Angeles Unified School District announced it would layoff over 1,000 employees throughout the school system. Manufacturing company Whirlpool will drop 850 staff at its Fort Smith AR facility due to softening in product demand.
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 11/29/10.
Job seekers: You might want to look in greener pastures than these companies that are firing.
Organizations announcing or rumored layoffs and firings for the 7 days ended 12/3/10:
- EMC, Various US (2,400)
- Novartis, Various US (1,400)
- State Street Corp, Boston MA and NYC NY (1,400)
- OTB, NYC NY (1,000+)
- Los Angeles Unified School District, Los Angeles CA (1,000+)
- Whirlpool Corp, Ft. Smith AR (850)
- The Apollo Group, Phoenix AZ and Various US (700)
- Dex One, Various US (> 510)
- NCO Financial Systems, Hampton VA (368)
- Express Scripts, Bensalem PA (365)
- ZipRealty, Various FL, Tigard OR (363)
- SeaWorld Parks & Entertainment, Orlando FL, Tampa FL and San Diego CA (350)
- Patrick Cudahy Inc, Cudahy WI (> 339)
- StarTek Inc, Alexandria LA (330)
- Harmon Automotive, Washington MO (300)
- Quad/Graphics, Fredricksburg VA (300)
- Trump Entertainment Resorts, Atlantic City FL (250)
- FedEx, West Chester Township OH (222)
- Louisiana Department of Health and Hospitals, Various LA (200)
- Pfizer, Vonore TN (186)
- City of Camden NJ (180)
- FedEx Corp, Charlotte NC (172)
- City of Newark (167)
- ValueOptions Inc, Morrisville NC (155)
- Bank of America, Jacksonville FL (113)
- CompX Durislide, Byron Center MI (< 100)
- BioMérieux, Wilsonville OR (100)
- United Spiral Pipe, Pittsburg CA (100)
- USG Corp, Empire NV (93)
- ITT Communications Systems, Ft Wayne IN (75)
- General Motors, Indianapolis IN (75)
- Franke Consumer Products, Rushton LA (70 – 80)
- City of Phoenix AZ (60)
- The Palo Alto Medical Foundation, Palo Alto (53)
- Madison Center, South Bend IN (50)
- JVC America Inc, Cottondale AL (> 40)
- Really Cool Foods, Cambridge City IN (31)
- Armstrong World Industries, Beaver Falls PA (30)
Readers – If you know of employers announcing significant layoff plans, or employers reducing large numbers of employees, please comment below to add to this list.-------------------------------------------------------------------------------------------------------------------------------------
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