Obama’s May 2009 Layoffs List
Layoffs for May 2009 at America’s 500 largest public companies*: 23,704
May 30: Deere & Co ( DE – news – people ) lays off 89 in North Dakota and 16 in Louisiana as part of ongoing reductions. Article Controls
May 29: Cintas ( CTAS – news – people ) projects worse than expected fourth-quarter results and lays off 650 workers.
May 22: Monsanto ( MON – news – people ) lays off 55 in Mississippi as part of manufacturing facilities consolidation.
May 21: UPS’s ( UPS – news – people ) airlines arm cuts 80 mechanics on slump in shipping volume.
May 19: Hewlett-Packard ( HPQ – news – people ) announces 17% decline in quarterly profit and reduces workforce by 2% (6,400 workers).
May 19: Medtronic ( MDT – news – people ) cuts executive pay by 5%, freezes salaries and slashes upwards of 1,800 jobs.
May 18: American Express ( AXP – news – people ) reduces global workforce by 6% (4,000 jobs) adding to a 7,000-employee cut announced last October.
May 15: Following review of operations announced in February, Nike ( NKE – news – people ) cuts 1,750 jobs (5% of total workforce).
May 15: Fruit of the Loom–a Berkshire Hathaway ( BRK.A – news – people ) subsidiary–pink-slips 80 in Alabama.
May 12: Applied Materials ( AMAT – news – people ) posts quarterly loss and increases previously announced job cuts by 300.
May 11: Dell ( DELL – news – people ) slashes 260 jobs in North Carolina and blames the economy.
May 7: Cummins ( CMI – news – people ) idles Indiana plant that supplies Chrysler and lays off 610 workers.
May 7: DuPont ( DD – news – people ) adds to December job cut of 2,500 with another 2,000-employee cut.
May 6: Wells Fargo ( WFC – news – people ) freezes pension plans and fires 548 in North Carolina.
May 5: Microsoft ( MSFT – news – people ) pink-slips a second 5,000 employees following its initial January layoff.
May 5: Allstate ( ALL – news – people ) closes claims office in Florida and lays off 66 employees
Great post and I love your The Forgotten Role!
Obama’s layoff list is getting longer and longer. warrantongirl, I like that too.
warrantonegirl, Thanks…people don’t know what the president role is, I didn’t.
Stan The Man Says, this started from the post I did with Obama’s 100 days in office, keep watching it’s going to get longer. Thanks