BusinessMarch 26, 2001
MEMO: BIG COMPANIES ANNOUNCE MAJOR JOB CUTS
Several major companies have announced job cuts in the past few months, including:...
Several major companies have announced job cuts in the past few months, including:
* DaimlerChrysler 26,000; Motorola: 22,000; Lucent Technologies: 16,000; Verizon: 10,000.
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* Procter & Gamble: 9,600; Solectron: 8,200; Sara Lee: 7,000; Whirlpool: 6,000; JCPenney Co., Ind., 5,300; Compaq: 5,000.
* Xerox: 4,000; Nortel Networks: 4,000; Textron: 3,600; Schawb: 3,400; Gateway: 3,000.
* ShopKo Stores: 2,500; AOL Time Warner: 2,400; Standard Register: 2,400; Sears: 2,400; Electrolux: 2,000; Service Merchandise: 1,750; Hewlett-Packard: 1,700; Amazon.com: 1,300; 3Com: 1,200; Freightliner.: 1,085; and Norfolk Southern: 1,000-2,000.
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