CEOs Who Announced The Biggest Layoffs In History


BANGALORE: No one works in a company to have their names on the layoff list when the company is doing poorly. But at times it cannot be helped when one has to vacate the premises without any explanation of their layoff. Over the centuries, people have seen major layoffs in a company they thought would give them a secure future.

Unfortunately, when times hard and the company has to survive some people have to be sacrificed.  Here are some of the worst layoffs across the last decade and a half.

Microsoft:  In shocking news this year, the new CEO Satya Nadella, has decided to cut 18000 jobs by June 2015. The software giant had recently acquired Nokia and had merged its software departments. In a recent meeting, Nadella has said that they will no longer produce the Nokia X, an android product of Nokia, since it will completely function on the windows software for phones.

This comes as part of Nadella’s new company strategy. He wants to focus on mobile applications and also on cloud productive software.

IBM: A multinational company that has grown remarkably had gone through a rough time at the beginning of the year. The company has the highest number of workers in any multinational company to employ Indians which is about 1.5 lakh employees.

At the start of this year under the leadership of Virginia Rometty, they had cut down on the number of workers in the systems and technology group. This department houses about 300 to 400 Indian workers. This layoff in the company though is nothing compared to the layoff of 60,000 employees back in 1993 when Louis V. Gerstner Jr. was just appointed as the Chairman of IBM.

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