World's 20 Biggest Layoffs

Lockheed Martin

Lockheed Martin is an American global aerospace, defense, security, and advanced Technology Company with worldwide interests. Lockheed Martin is one of the world's largest defense contractors. t was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington Metropolitan Area. Lockheed Martin employs 123,000 people worldwide. Robert J. Stevens is the current Chairman and Chief Executive Officer.

Global Rank In Cuts: 3

Jobs Lost (2011): 10,000

Percent Of Employees Cut: 8.1 Percent

Number Of Employees After Cuts: 113,000

IBM

International Business Machines Corporation, or IBM, is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

Global Rank In Cuts: 4

Jobs Lost (2011): 9,000

Percent Of Employees Cut: 2.1 Percent

Number Of Employees After Cuts: 424,362