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Biggest Mass Layoffs In The History Of The United States
Citigroup: In 2008, the company laid off 50,000 workers due to the financial crisis and the need to restructure.
General Motors: In 2008, the company laid off 47,000 workers due to the financial crisis and declining sales.
AT and T: In 1996, the company laid off 40,000 workers due to the deregulation of the telecommunications industry.
General Electric: In 2018, GE laid off 12,000 employees in its power division due to declining demand for its products.
Sears Holdings: In 2018, the company filed for bankruptcy and laid off 46,000 employees due to increased competition from online retailers.
Ford Motor Company: In 2006, Ford laid off 30,000 workers due to declining sales and the need to restructure the company.
IBM: In 1993, IBM laid off 60,000 employees due to competition from other computer manufacturers.
United States Steel Corporation: In 1983, the company laid off 17,000 workers due to declining demand for steel.
Biggest Mass Layoffs In The History Of The United StatesBiggest Mass Layoffs In The History Of The United States