United States Steel Corporation: In 1983, the company laid off 17,000 workers due to declining demand for steel.
IBM: In 1993, IBM laid off 60,000 employees due to competition from other computer manufacturers.
Ford Motor Company: In 2006, Ford laid off 30,000 workers due to declining sales and the need to restructure the company.
Sears Holdings: In 2018, the company filed for bankruptcy and laid off 46,000 employees due to increased competition from online retailers.
General Electric: In 2018, GE laid off 12,000 employees in its power division due to declining demand for its products.
AT and T: In 1996, the company laid off 40,000 workers due to the deregulation of the telecommunications industry.
General Motors: In 2008, the company laid off 47,000 workers due to the financial crisis and declining sales.
Citigroup: In 2008, the company laid off 50,000 workers due to the financial crisis and the need to restructure.
Lehman Brothers: In 2008, the company filed for bankruptcy and laid off 25,000 workers due to the financial crisis and the collapse of the housing market.