LayoffBlog.com

January 16, 2009

Brutal job losses continue in 2009

Filed under: FYI,US — DF @ 4:32 pm
Tags: , , ,

According to CNN Money: “The job market is off to a terrible start this year, with companies announcing more than 80,000 job losses so far, in one of the most painful symptoms of the ongoing recession.”

Job cuts in January, 2009

Circuit City 34,000 Microsoft ?
Alcoa 13,500 TDK Corp. 8,000
Boeing 4,500 Motorola 4,000
Hertz 4,000 Honda 3,100
EMC Corp. 2,400 Barclay’s 2,100
Cessna 2,000 MeadWestvaco Corp. 2,000
WellPoint 1,500 Cigna 1,100
Saks Fifth Avenue 1,100 Walgreens 1,000
Schlumberger 1,000 ING Group 950
Macy’s 900 Cummings 800
Autodesk 750 Pfizer 700
Logitech 500 Oracle 500
Neiman Marcus Groups 375 Ethan Allen 350
New Yaork & Co. 350 Barnes & Noble 100
Google 100 World Wrestling Entertainmnet 60

Total: 91,735

(read comments for updates)

10 Comments »

  1. Here are some other figures that someone took the time to come up with that shows a little more detail in the retail sector:

    Ann Taylor – closing 117 stores
    Bombay – closed
    Cache – going out of business, closing all stores
    Circuit City – liquidating 567 U.S. stores after failing to find a
    buyer or a refinancing deal
    Club Libby Lu (Saks owned) – all 78 stores
    CompUSA – all stores
    Dell – closing 140 stores
    Dillards – closing 26 stores
    Disney – closing 98 stores
    Eddie Bauer – closing 29 stores
    Ethan Allen – closing 12 stores
    Fashion Bug – closing 100 stores
    Footlocker – closing 140 stores
    Friedmans – closing 120 stores
    Home Depot – closing 15 stores
    GAP – closing 85 stores
    Gottschalks and Goody’s filed for bankruptcy
    JC Penney – closing a number of stores after January
    J.Jill – going out of business,
    K B Toys – closing 356 stores
    Lane Bryant, Fashion Bug ,and Catherines – closing 150 stores
    Levitz – closed
    Linens and Things – closed
    Loews – scaling back
    Macys – closing 11 stores
    Mervyn’s – all 149 stores
    Movie Galley – closed 160 stores as part of reorganization plan to
    exit bankruptcy. The video rental company plans to close 400 of 3,500
    Movie Gallery and Hollywood Video stores in addition to the 520
    locations the video rental chain closed last fall.]
    Office Depot – 126 stores
    Pacific Sunware – going out of business, closing all stores
    Pep Boys – closing 33 stores
    Piercing Pagoda – going out of business, closing all stores
    Pier 1 – closing 25 stores
    Rite Aid – 181 stores
    Sergio Rossi – all standalone US stores
    Sharper Image – going out of business, closing all stores
    Sigrid Olsen – closing 54 stores
    Sprint/ Nextel – closing 133 stores
    Steve & Barry’s – closing all 173 stores
    Talbots – closed their men’s and children’s clothing stores, but NOT
    the woman’s
    Whitehall Jewelers – going out of business, closing all stores
    Wickes Furniture – going out of business, closing all stores
    Wilson Leather – going out of business, closing all stores
    Zales – closing 105 stores,

    Comment by Jenny R. — January 17, 2009 @ 8:04 pm | Reply

  2. Jenny R, thanks for the update!

    Comment by DF — January 18, 2009 @ 9:20 am | Reply

  3. Not a problem.

    Comment by Jenny R. — January 18, 2009 @ 9:15 pm | Reply

  4. #4: Thank you for the link and good luck with your book!

    Comment by DF — January 19, 2009 @ 2:51 pm | Reply

  5. AP and Reuter’s news sources have confirmed that Intergraph Corp, employer of some 3800 employees is facing a severe financial Crisis. The company has been crippled by the gloomy economic credit lending grid lock, causing it to burn through large amounts of it cash reserve. It problems are further compounded by recent contract deferrals and cancellation, and the lack of new perspective contracts to compete over. Sources agree that Intergraph has to stabilize its spending and make major cuts, likely in the form of additional employee layoffs.

    Comment by AP NEWS SOURCE — January 23, 2009 @ 11:15 am | Reply

  6. Jenny R. your list is not accurate. It seems to the same list that was floating around a couple of months ago. See the link at Snopes for more up to date info, http://www.snopes.com/politics/business/storeclosings.asp The womens clothing chain, J. Jill for instance is not closing as of 01.26.09. Who knows what management may decide to do tomorrow however.

    Comment by jc — January 26, 2009 @ 7:20 am | Reply

  7. IBM 3000 jobs cut last week January 21/22/23.
    January 27 will be a bad day for the Burlington Vermont plant. Could be up to 2000 lost…Yet no report to the media. What’s wrong with this picture?

    Comment by SJ Whitney — January 26, 2009 @ 3:20 pm | Reply

  8. […] Mass Layoffs at IBM in January 2009 [1-26-2009 update: More possible layoffs reported] […]

    Pingback by Today’s Hot Layoff Topics « LayoffBlog.com — January 26, 2009 @ 3:37 pm | Reply

  9. Ha,ha!
    The wrong doers are quickly closing up shop to avoid being caught for their own questionable behavior. Let’s take a look at those books.

    Comment by Anne — February 12, 2009 @ 6:26 am | Reply

  10. There are millions of people out of work. The job market has all but collapsed. Even people
    with degrees can’t find work. If this isn’t
    a depression I don’t know what you call it.

    Comment by Cass George — February 17, 2009 @ 10:22 am | Reply


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