The following companies have announced job cuts since the start of 2009.
This is just the beginning my friends. There will be many mlm businesses failing this year as well. Some will thrive but some will flounder in an ecomomy where people are dumping all the “extras” out of their budget. Have you adjusted your mlm business plan to take into account the current market conditions? Don’t do another presentation until you can effectively demonstrate how your business is going to weather the current depression. Ignoring the situation won’t change it. Your prospects WILL JOIN your business but only if they believe you and your product and your company are the right place to stake their effort and their money during times when they can’t afford to make a mistake with either.
Figures courtesy of Richard Pamplin – www.TurnProfessional.com
Note: Some figures are approximations from percentages of labor force, with total labor force estimations obtained from recent 10K filing.
Kodak 30,007 1/29/2009 Camera equipment
Oshkosh 1,050 1/29/2009 Automotive
AstraZeneca 6,000 1/29/2009 Pharmaceuticals
Jabil Circuit 3,000 1/28/2009 Electronics
Nissan 110 1/28/2009 Automotive
Ford Motor Co. Credit 1,200 1/28/2009 Financial
Allstate Financial 1,000 1/28/2009 Financial
Boeing 5,500 1/28/2009 Aerospace and Defense
AOL 700 1/28/2009 Technology
Abbott 200 1/28/2009 Pharmaceuticals
Dell unspecified 1/28/2009 Electronics
Starbucks 6,700 1/28/2009 Food Service
Panasonic 650 1/28/2009 Electronics
Avery Dennison 3,600 1/27/2009 Chemicals
Best Buy unspecified 1/27/2009 Retail
Quiksilver 200 1/27/2009 Sporting goods
Corning 49,006 1/27/2009 Technology
3500 full time, 1400 temp
Weyerhaeuser 220 1/27/2009 Paper Products
Baker Hughes 1,500 1/27/2009 Oilfield services
Navistar International 700 1/27/2009 Automotive
Target unspecified 1/27/2009 Retail
Volvo 650 1/27/2009 Automotive
ING Group 7,000 1/26/2009 Financial
John Deere 700 1/26/2009 Industrial Equipment
Sprint Nextel 8,000 1/26/2009 Telecommunications
Home Depot 7,000 1/26/2009 Retail
Caterpillar 20,000 1/26/2009 Industrial equipment
Pfizer 260,003 1/26/2009 Pharmaceuticals
5%-7% of global research unit of 10,000 people
Corus Group 3,500 1/26/2009 Steel
Texas Instrument 3,400 1/26/2009 Electronics
Harley-Davidson 1,100 1/23/2009 Automotive
Polaris Industries 460 1/23/2009 Automotive
American Greetings 200 1/23/2009 Printing
Compass Bank 1,200 1/23/2009 Financial
Schlumberger 5,000 1/23/2009 Oilfield services
Microsoft 5,000 1/22/2009 Technology
Hunstman Corporation 1,175 1/22/2009 Chemicals
Ericsson 5,000 1/21/2009 Telecommunications
BHP Billiton 6,000 1/21/2009 Metals and Mining
Clear Channel Communications 1,850 1/21/2009 Media/Entertainment
Eaton 5,200 1/21/2009 Industrial Manufacturing
UAL Corp 1,000 1/21/2009 Airlines
Intel 60,004 1/21/2009 Electronics
5,000-6,000
GM 3395 1/21/2009 Automotive
30% of hourly staff in NY plant, temporary layoff
Williams-Sonoma 1,400 1/21/2009 Retail
Rohm and Haas 900 1/20/2009 Chemicals
Warner Bros. 800 1/20/2009 Film
Honda 3,100 1/16/2009 Automotive
WellPoint 1,500 1/16/2009 Healthcare
Circuit City 30,000 1/16/2009 Retail
Hertz 4,000 1/16/2009 Auto services
Blue Cross Blue Shield of Michigan 1,000 1/16/2009 Electronics
Advanced Micro Devices 1,100 1/16/2009 Electronics
ConocoPhillips 1,300 1/16/2009 Oil and gas
Google 100 1/15/2009 Technology
Autodesk 750 1/15/2009 Technology
MeadWestvaco Corporation 2,000 1/15/2009 Packaging
Saks Fifth Avenue 1,100 1/15/2009 Retail
Barclay’s 2,100 1/14/2009 Financial
Cummins 800 1/14/2009 Industrial Equipment
Motorola 4,000 1/14/2009 Electronics
Barnes and Noble 100 1/14/2009 Retail
Pfizer 700 1/13/2009 Pharmaceuticals
ING Group 950 1/13/2009 Financial
Neiman Marcus Group 375 1/13/2009 Retail
World Wrestling Entertainment 602 1/9/2009 Entertainment
10%
Boeing 4,500 1/9/2009 Aerospace and Defense
Cessna 2,000 1/9/2009 Aerospace
Dell 1,900 1/8/2009 Electronics
TDK Corp. 8,000 1/8/2009 Electronics
Walgreens 1,000 1/8/2009 Retail
Haliburton unspecified 1/8/2009 Aerospace and Defense
Schlumberger 1,000 1/8/2009 Oilfield services
EMC Corp. 2,400 1/7/2009 Technology
Ethan Allen 350 1/7/2009 Retail
New York & Co. 350 1/7/2009 Retail
Macy’s 900 1/7/2009 Retail
Logitech 5001 1/6/2009 Technology
15%
Alcoa 13,500 1/6/2009 Metals
Cigna 1,100 1/5/2009 Healthcare