By Robert Oak
Daily Finance has compiled a list, from Challenger and Gray layoff data, of the top 25 companies with the biggest job losses this recession.
From The Layoff Kings: The 25 Companies Responsible for 700,000 Lost Jobs author Douglas McIntyre, compiled the list below. I've added whether or not that company is known for offshore outsourcing jobs. The actual jobs offshore outsourced is unknown, if some ambitious researcher wishes to correlate layoffs with jobs created offshore, or offshore outsourcing contracts written, we'd appreciate the specifics.
From the list we have, these top companies, the number of layoffs and whether or not they are an offshore outsourcer.
1. General Motors, 107,357, outsourcer
2. Citigroup, 73,056 , outsourcer
3. Hewlett-Packard, 47,540, outsourcer
4. Circuit City Stores, 41,495
5. Merrill Lynch, 40,650, outsourcer (BoA)
6. Verizon Wireless, 39,000, outsourcer
7. Pfizer, 31,771, outsourcer
8. Merck & Co., 24,400, outsourcer
9. Lehman Brothers, 23,340
10. Caterpillar, 23,024, outsourcer
11. JPMorgan Chase, 22,852, outsourcer
12. Starbucks, 21,316
13. AT&T, 18,401, outsourcer