IBM's rumored layoff

2015-01-26 1 min read

    Given the rumor of the massive IBM layoffs I decided to pull some others and see how it compared. Surprisingly, the next highest was also at IBM - but in 1993. On one hand, it’s odd to see this pattern as if they’ve learned nothing. On the other, it’s a sign that they acknowledge the problem and are willing to adapt. Since the 1993 layoff IBM’s stock price increased over 950% and this round may provide another burst.

    On a side note, the largest layoffs are available online but I wasn’t able to find a non ad-ridden, non-paginated table so hopefully others find these useful.

    NumberCompanyYearLayoffs
    1IBM199360,000
    2Sears199350,000
    3Citigroup200850,000
    4General Motors200947,000
    5AT&T199640,000
    6Ford200235,000
    7Boeing200131,000
    8USPS201030,000
    9Bank of America201130,000
    19HP201227,000
    11Daimler Chrysler200126,000