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North America, Job Cut Timeline Tuesday, May 8 Bookmark and Share     Author
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US job losses reach 34-year high  Jobless rate rose to a 15-year high of 6.7%. The employers axed 533,000 jobs in November, the biggest monthly cut in 34 years Citigroup job cull to hit 75,000
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Washington Job Cut (7)   World Job Cut (71)   World Bad Economic News (253)   Bank Of America (7)   Citigroup (15)

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B. 2016-02-02 Yahoo to cut its workforce by 15% San Francisco Bay Area
C. 2015-03-03 Target to cut several thousand jobs Minneapolis, Minnesota
3. 2013-09-20 Blackberry to cut 4,500 global jobs Canada
2012-12-05 Citigroup in 11,000 staff cull Manhattan
5. 2012-05-23 Hewlett-Packard cuts 27,000 jobs San Francisco Bay Area
6. 2012-04-04 Yahoo to cut 14% of its workforce San Francisco Bay Area
H. 2012-02-01 American Airlines to cut 13,000 jobs Fort Worth, Texas
I. 2011-12-06 Citigroup plans to cut 4,500 jobs New York
9. 2010-12-14 Yahoo cuts 600 jobs San Francisco Bay Area

  GM plans to cut 10,000 Opel jobs  General Motors has confirmed that it plans to cut 10,000 jobs across its European car unit Opel   GM to cut total of 21,000 US jobs  General Motors is to phase out its Pontiac brand, as it aims to meet a 1 June deadline to revamp its business US jobless rate increases to 8.1%  The number of people out of work rose by 651,000 during February. The unemployment rate was the highest since December 1983 US job losses hit record in 2008  More workers lost jobs last year than in any year since World War II, with employers axing 2.6 million posts and 524,000 in December alone Bank of America cuts 30,000 jobs
Yahoo to cut its workforce by 15%  Yahoo is cutting 15% of its workforce as the company pursues an 'aggressive strategic plan' to return to profitability Target to cut several thousand jobs   US retail giant Target plans to cut several thousand jobs as it tries to slash $2bn in costs over the next two years Blackberry to cut 4,500 global jobs  The smartphone maker has announced it is planning to cut 4,500 jobs, or 40% of its worldwide workforce, in an attempt to staunch huge losses Citigroup in 11,000 staff cull  Citigroup says it is cutting 11,000 jobs worldwide in an efficiency drive, with most of the jobs being lost in its consumer banking division Hewlett-Packard cuts 27,000 jobs  The world's largest maker of personal computers said the cuts - about 8% of its workforce - will reduce costs by up to $3.5bn a year Yahoo to cut 14% of its workforce  Yahoo is to cut 2,000 staff. The company said the cuts were part of efforts to make it 'smaller, nimbler, more profitable' American Airlines to cut 13,000 jobs   AMR, the parent company of American Airlines (AA) says it will shed 13,000 jobs - 15% of its workforce Citigroup plans to cut 4,500 jobs  US banking giant has said it is to cut 4,500 jobs around the world in an effort to reduce its costs Yahoo cuts 600 jobs  The layoffs represent a 4% reduction in global workforce, although the company didn't specify which divisions suffered cuts US lost 95,000 jobs in September  Public sector cuts outpaced hiring by the private sector. The jobless rate held at 9.6%. The jobs news sent stocks slightly higher US sees 131,000 jobs lost in July  The US economy shed another 131,000 jobs in the second month in a row that jobs have been lost US jobless rate rises to over 10%


year 2016 Top ^

Feb.2   San Francisco Bay Area


year 2015 Top ^

Mar.3   Minnesota


year 2013 Top ^

Sep.20   Canada


year 2012 Top ^

Dec.5   Manhattan
May.23   San Francisco Bay Area
Apr.4   San Francisco Bay Area
Feb.1   Texas


year 2011 Top ^

Dec.6   New York


year 2010 Top ^

Dec.14   San Francisco Bay Area
Oct.8   Washington
Aug.6   Washington


year 2009 Top ^

Nov.6   Washington
  US Labor Department: The unemployment rate in the US rose to 10.2% in October, which was its highest rate since April 1983
Nov.4   Detroit
Apr.27   Detroit
Mar.6   USA
Jan.9   USA


year 2008 Top ^

Dec.11   USA
  Bank plans to cut between 30,000 and 35,000 jobs over 3 years following the completion of its takeover of Merrill Lynch

Dec.5   Washington
Nov.17   New York
  The bank has announced plans for new job cuts, on top of 23,000 cuts already made this year It's about 20% of its staff
Nov.7   Washington US jobless rate at 14-year high
  The jobless rate rose to 6.5% in October, the highest rate since March 1994. US employers cut 240,000 jobs in October
Sep.5   USA US jobless rate near 5-year high  The unemployment rate has risen to 6.1%, after a higher-than-expected 84,000 jobs were lost last month

year 2002 Top ^

Jun.25   New York WorldCom in accounting trouble, cut jobs
  Troubled telecom firm announces overstatement of financial results, 17,000 job cuts. WorldCom terminated CFO


year 2001 Top ^

Sep.18   Seattle Boeing slashing up to 30,000 jobs
  Aviation industry asked for $24bn as financial rescue package


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