Recent Layoffs

• More than 100,000 layoffs at US-based high-tech companies from Jan. 1, 2016, to August 17, 2016:
  • 17,850 at National Oilwell Varco due to low oil prices
  • 14,000 at Cisco Systems (Story)
  • 12,500 at Schlumberger due to low oil prices
  • 12,000 at Intel due to restructuring (Story)
  • 10,200 at Halliburton due to low oil prices
  • 10,000 at Dell due to restructuring
  • 7,500 at Chevron due to low oil prices
  • 6,000 at Devon Energy due to low oil prices
  • 6,000 at DuPont due to merger with Dow Chemical
  • 5,000 at Yahoo! due to acquisition by Verizon (Story)
  Additional source: "America's top 10 job-killing companies", Heather Long, CNN Money, May 15, 2016.

• "EMC, VMware, IBM, etc.: Here Come 333,000 Layoffs in Tech, Opines Global Equities", January 22, 2016

• More than 180,000 layoffs at high-tech companies between Sep. 1, 2014, and Dec. 31, 2015:
  • 500 at AMD due to restructuring to achieve $67M in cost savings (Story)
  • 750 at Atmel due to acquisition by Dialog Semiconductor for $4.68B to achieve $150M in cost savings (Story)
  • 7000 at Baker Hughes due to acquisition by Halliburton for $34B (Story)
  • 3500 at Broadcom due to acquisition by Avago for $37B (Story)
  • 3500 at Freescale Semiconductor due to acquisition by NXP for $12B (Story)
  • 1000 at Halliburton due to acquisition of Baker Hughes for $34B (Story)
  • 30000 at HP due to restructuring in which HP split into Enterprise Systems and PCs/printers (Story)
  • 100000 at IBM due to restructuring (Story) and separate from IBM paying GlobalFoundries to acquire IBM Microelectronics (Story)
  • 1155 at Intel (US) due to restructuring and acquisition of Altera for $17B (Story)
  • 5000 at Microsoft due to restructuring (Story)
  • 7800 at Microsoft in Nokia Handset Division (Story)
  • 5000 at Nokia (part not bought by Microsoft) due to acquisition of Alcatel-Lucent for $17B (Story)
  • 5000 (15%) at Qualcomm due to Samsung not using Snapdragon processors in new phones (Story)
  • 9000 at Schlumberger (Story)
  • 1600 at Yahoo! due to restructuring to cut costs by $400M (Story)

• Intel layoffs in summer 2015: workers in their 50s (60s) were 1.7x (2.7x) more likely to be laid off

• "How to Avoid a Surprise-Attack Firing", Mark Morgan Ford, Early To Rise, Sept. 10, 2015.

• "Microsoft to buy Nokia's phone business for $7.2 billion", CNN Money, September 3, 2013.

Last updated 02/02/17. Send comments to bevans@ece.utexas.edu