Technology company Hewlett-Packard announced in May that it expects "approximately 27,000 employees to exit the company, or 8.0 percent of its workforce, as of Oct. 31, 2011, by the end of fiscal year 2014."
American Airlines, which filed for bankruptcy in November, had initially announced in February that it would elimiate 13,000 positions in a restructuring process, but it has since narrowed those cuts to 10,000.
Food and beverage company PepsiCo announced a number of strategic changes in February, such as increasing advertising by $500 to $600 million this year and reducing headcount by 8,700 across 30 countries. The reduction represents about 3 percent of its global workforce and less than 2 percent domestically.
In January grocer Food Lion, owned by Delhaize America, based in Salisbury, N.C., announced 4,900 employees were exiting the company, some related to the closure of 113 Food Lion stores. The company has about 74,000 total employees.
Last year, consumer products company Procter & Gamble announced plans to reduce its global non-manufacturing enrollment by 10 percent, or about 5,700 roles, over two years ending June 30, 2013.
In January, Buffets Inc., the owners of Old Country Buffett and HomeTown Buffet, said it was filing for bankruptcy and it planned to close 81 restaurants nationwide, which Challenger, Gray and Christmas estimates is leading to a cut of 3,000 positions.
In June, grocer Albertsons announced it was laying off up to 2,500 workers in California and Nevada beginning that month.
But this is Ok, because President Obama says, " Go forward " and give me another chance I'll make it better. Epic failure, if Welfare and SNAP programs are you're forte well then this president is your man.
Me I like working for a living.
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