January 24, 2008

Companies swing jobs axe in 2001

More than 400,000 job cuts have been announced by late August, 2001 as companies around the world wrestle with slowing growth and plunging demand.

Here's a list of companies in the Technology and Telecom sector that announced layoffs in 2001. Note this list was created before September 11, 2001

Technology:
Toshiba Corp August 18,800
Fujitsu Ltd August 16,400
JDS Uniphase Corp Over 2001 16,000
Philips Over 2001 10,000
Cisco Systems April 8,500
Compaq July 8,000
Hewlett-Packard July 6,000
Corning Inc Over 2001 7,800
Infineon July 5,000
Gateway Inc August 4,600
NEC Corp July 4,000
Equant NV August 3,000
Cap Gemini June 2,700
IBM July 1,500
Iomega Corp August 1,250
Tellabs August 1,000
Telecom:
Motorola Over 2001 30,000
Nortel Networks Corp Over 2001 30,000
Ericsson July Up to 22,000
Lucent July 15,000-20,000
Alcatel July 14,000
Siemens May-July 10,000
ADC Telecommunications Over 2001 9,500
Marconi July-Sept6,000
British Telecom Over 2001 6,000
Avaya June-July 5,000
NTL July 4,300
WinStar Communications Apr&July 2,950
Global Crossing July 2,000
Ascom Holding AG June1,100
Nokia March-June 1,000
Sonera Aug 1,000

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