General Motors: In the year 2009, under CEO Rick Wagoner, the company had a rough time due to the economic crisis of 2008. This economic black out in 2008 was a tough time for automobile companies that witnessed decline in their sales.

GM in early 2009 cut down 47,000 jobs, which is still considered as one of the worst layoff’s the company has witnessed. The company is doing pretty well since then with increasing revenue of $155.5 billion as per 2013 reports.

J.C. Penny:  This is a retail company that saw a huge layoff at the start of last year under the CEO Ron Johnson. The then-CEO Johnson confessed that the company had cut nearly 19,000 jobs since his arrival according to Challenger Gray’s report. Later the legacy retailers fired him and his close associate, Bill Ackman.

The company has been struggling ever since and had to issue new shares to raise cash for the company. The company is expecting to grow and start reviving its lost glory under the present CEO Myron Ullman.

Boeing:  The major airplanes company last year reported that it was cutting jobs of about 2300 people, though all these jobs were not just firing. The company’s base in Washington reduced the work force of its IT department. Some of the cut were due to attrition and others were transferred to other states. The company also had to cut 3000 jobs due to the revised U.S military budget but most of the people were given job elsewhere as the company was able to find jobs for them in various departments.

Although there was a huge job layoff, the worst was in 2001 under the then CEO Alan Mulally, where 31000 people were laid off. This was due to the attack on the world trade centers, after which there was an economic slowdown and the reduction in the use of commercial flights.

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