How long Big Companies can last if the economy keeps sliding- 2011 corporate layoffs?
In July, Boston Scientific Inc. (NYSE: BSX) announced to cut an additional 5% to 6% of its workforce. Corporate layoffs for Boston Scientific Inc. (NYSE: BSX): 1,200 to 1,400 employees through the end of 2013. When bankrupt Borders Group Inc. (PINK: BGPIQ) finish store-closure sales more than 10,000.
Cisco Systems Inc. (NASDAQ: CSCO) announced lay off 6,500 employees, or 9% of its full-time workforce it could go up to 10,000 employees. Delta Air Lines Inc. (NYSE: DAL) announced lay off 2,000 employees.
Gannett Co. (NYSE: GCI) announced lay off 2% of its nearly 22,000 workforce. Goldman Sachs Group Inc. (NYSE: GS) plans to cut roughly 1,000 jobs. HSBC Holdings plc (NYSE: HBC) aiming to reduce its headcount by around 5,000, 30,000 over the next 3 years.
Lockheed Martin Corporation (NYSE: LMT) announced in June that in its Aeronautics business unit it was shedding about 1,500 workers. Merck & Co. (NYSE: MRK) most recently cut 12,000 to 13,000 jobs following the merger with Schering-Plough.
Research in Motion Ltd. (NASDAQ: RIMM) headcount reduction will amount to 2,000 of about 19,000 of its workforce. Sears Holding Corporation (NASDAQ: SHLD) announced the layoffs of about 700 workers in the higher-ticket appliances department of the Kmart stores in June.
Credit Suisse Group (NYSE: CS) and UBS AG (NYSE: UBS) is expected to be between 5,000 to 7,000 layoffs. If the merger of Express Scripts Inc. (NASDAQ: ESRX) and Medco Health Solutions Inc. (NYSE: MHS) allowed, it is expected a big layoffs.