Remember, Remember, This Month After December When Public Companies Laid Off More Than 70,000 | Exploring Markets

Remember, Remember, This Month After December When Public Companies Laid Off More Than 70,000

There were 73,102 layoffs in January 2009, a record in monthly layoffs. Here is what America's 500 largest public companies did during that month:

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: 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.