Tuesday, 30 August 2011

USA: 14 Of The Biggest Mass Layoffs In 2011

The looming standstill in the U.S. economy has intimidated private sectors into cutting operating costs by handing out pink slips -- thousands of them.

In July, the number of job cuts increased by 60.3% -- approximately 66,414 jobs -- compared to the previous month, according to a report from consultants Challenger, Gray & Christmas, Inc.

Many of the massive workforce downsizing came from sectors who endured fairly well in the past. 

Here are 14 companies contributing the most to the unemployment rate.

To see the companies downsizing GO HERE

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