5 companies cutting the most jobs

For reasons ranging from technological changes to sheer survival, these five businesses have cut over 50,000 jobs this year between them.

 of 7
 of 7

VIDEO ON MSN MONEY

331Comments
Oct 20, 2013 6:26AM
avatar
Slowly, corporate America is learning that, if you send America's jobs overseas, you decrease demand in the US. There was a time when it seemed that they thought they could send the jobs overseas, have cheaper products made, and then sell them to the American people for greater profit. Someone forgot to consider the fact that people without sustainable employment can't buy their products, even if they are a little less expensive. Everyone in corporate America wants to get rich quickly, but no one wants to invest in our country to ensure a strong economy.
Oct 16, 2013 9:23AM
avatar
US News had an article that Hospitals were dumping employees.  They claim due to Obamacare but that could be an excuse to get rid of older higher paid people.  I'm a RN that has been out of work for 2 1/2 years despite all the ads for new nurses.  When the government sponsored Medical Assistant schools, they put nurses out of work.  They taught these people our skills but pay them 1/2 the wage.  Your medical bill has not gone down from these savings!  I told my fellow nurses who supported Obamacare that it would not be good for us...they didn't listen.
Oct 20, 2013 9:25AM
avatar
Obummercare is the finishing blow to our great country. We had a good run.
Oct 20, 2013 9:58AM
avatar

We have seen only 25% of what is to come .....! Wake up all you ungodly people !!!! Wake up America ......!

Oct 20, 2013 7:11AM
avatar
There does seem to  be a trend in healthcare to get people to preform jobs the require more skills and yet pay less than the typical RN or LPN would make.  More and more money is going to the Corp.Office and less and less toward employees. Greedy is king. The 51% who put Odufus back in probably won't feel the effects of the cutbacks due to probably being illerate and uneducated enough for a technical job. They may experience the pain when all the workers lose their jobs and cannot pay for their EBT, and SNAP cards, oh and i almost forgot the Obamaphone bill.
Oct 20, 2013 6:49PM
avatar
I always enjoy our presidents call for more jobs creation in America.  Then when his armor proofed vehicles. buses that is, were ordered from a Canadian company.  Then his Obamacare programming contract was awarded to a company in Canada, with French origins.  The contracted amount of 200,000,000.00 has already DOUBLED on this joke of a company that Canada's government fired for the mess they made there.  This fLAW, and the resulting continued down time with no end in sight is applauded by Obama, Reid and of course, Pelosi.  At the current rate of completion the cost overrun on the programming will be well over 1,000,000,000.00 and probably more, all while Obama, Reid and Pelosi pat themselves on their respective backs!
Oct 20, 2013 5:56AM
avatar
Liberals aren't too happy about the change Obama has given them !!!!! You all need to wake up to the fact that you voted for socialism ........!!!!!!!
Oct 21, 2013 7:09AM
avatar
Question: Why aren't the whole top management of J P Morgan Chase in jail?
Oct 20, 2013 3:41PM
avatar
Don't worry! Obama will save the day! Look at all those "shovel-ready" jobs he created the first four years! And look at the marvelous way he's providing healthscare for everyone! Right, libs? The Messiah is leading us down a path of warm fuzzy bunnies and rainbows!
Oct 21, 2013 11:47AM
avatar
In the eighties we had Ron Reagan, Bob Hope and Johnny Cash; now we have Barack Obama, no hope and no cash.
Oct 20, 2013 4:39PM
avatar
Maybe next summer will be the "summer of recovery" and all these people will be re hired. Wait. No they won't. Obamacare has seen to that. We are in deep trouble my fellow Americans.
Oct 21, 2013 9:53PM
avatar
I have a question I  am reading some of these post  and a lot of people do not agree with Obama or his  wonderful Obama care.  So my question is how in the hell did he get elected in in the first place? let alone twice!
Oct 20, 2013 5:02PM
avatar

Thank you   OBAMACARE..........................!   and people stil thinkj the Democrats are for the Working People.  ....

 

Oct 20, 2013 8:13AM
avatar
Well President Obama, are you proud of yourself now. A lot of these people one day will be enrolled in the Medicaid program. So how many more were you expecting Middle Class Americans to take care of?
Oct 21, 2013 9:44PM
avatar
IBM tends to lay off senior people that have worked their way up in their salary range every 5 years or so.  They then turn around and hire young college graduates at the bottom of entry level salary ranges.  That's why there's always so many former IBMers around doing consulting.  Form your own opinion on that tidbit.  Also, 'offshoring' has it's own problems.  I once had 38 employees in Kuala Lumpur, Malaysia.  Sure, they worked for about 25% of what an American would, but it took four times as many to do the same work.  Where's the benefit to that?  Not to mention that if we ever did get someone trained right, as soon as they got their retention bonus for staying a year, they'd quit and go across the street for more money.  There's also been a huge backlash for all the helpdesks that have been offshored.  Nobody wants to call for help and get a person they can barely understand.  Most of the time, if the solution isn't on a piece of paper in front of them they say they're having a problem with their system and you'll have to call back later.  Many of the helpdesk functions are being brought back to the U.S. because of complaints.  Sending jobs back and forth cost a lot of money.  CEOs and CIOs never admit they've made a mistake.  They'll spend millions of dollars trying to make a bad decision work instead of admitting a mistake and pulling the plug on a bad idea.  I'm not sure when these major employers are going to catch on and keep jobs onshore.  Meanwhile it's the American worker that suffers.
Oct 20, 2013 5:41PM
avatar

Wait for it. Unemployment will drop again.

 

If you know how that % is calculated you will know it means nothing. These 50,000 will only be counted if by pure chance any of them live in the already selected same households they sue every month. If not, then they will not be counted.

 

They basically ask:

 

Are you out work and looking for work? If yes, you are unemployed. 

Are you out of work and not looking or gave up looking for work? If yes, you are NOT unemployed

 

So when the % drops it could just be more unemployed people just gave up and not that they got jobs.

Oct 21, 2013 9:27AM
avatar

Americans better open their eyes, minds and pocketbooks to realize that 95% of us don't have COST OF LIVING JOBS!  Therefore, being able to shop is becoming a luxury!  The best Americans will be able to do, HOPEFULLY, pay rent/mortgage, buy food, and purchase necessities!  There will come a day, when many household will have to eliminate cell phones, cable TV, items considered WANTS, not needs! 

 

More importantly, I PRAY we see the day when we can ELIMINATE the LIFETIME Healthcare, Pensions and Perks, many Representatives in Washington receive for SCREWING the American People out of their JOBS and WAY OF LIFE!  If the American People must suffer, these representatives heads should be on the CHOPPING BLOCK too, and they loose what they have CAUSED the American People to loose! 

 

President Clinton should be at the top of the list for FORCING through the NAFTA Bill, giving the Republicans the GREEN LIGHT to OFF SHORE our Cost of Living Jobs, and all those Congress and Senate Representatives whom APPROVED that Bill!  NO WAY should these individuals live very comfortably, when they have CAUSED the suffering of so many American People!   

Oct 20, 2013 11:43PM
avatar
Remember that the Gov. couldn't run a whore house in Nev. How in the hell do you think they can run anything like a Obamacare
Oct 20, 2013 10:00AM
avatar
Only a fool wants to continue a game when the game is over.....!!!!!!!
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

RECENT QUOTES

Watchlist

Symbol
Last
Change
Shares
Quotes delayed at least 15 min

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] Equity indices extended this week's losses with a broad-based retreat. The S&P 500 fell 0.6% to end the week lower by 1.1%, while the Russell 2000 (-1.1%) finished with a 0.9% decline since last Friday.

Staying true to the theme observed throughout the week, the energy sector (-1.5%) tumbled out of the gate, thus dragging the broader market down with it. Once again, dollar strength and crude oil weakness contributed to sector's underperformance, but the ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.