We keep hearing about how the job creators need more tax cuts. Job creators need more certainty from the president before they can hire. Job creators need less regulation. Let's meet some of these job creators...destroyers, courtesy of msn.com.
On a single day -- Jan. 26, 2009 -- more than 60,000 workers lost their jobs, at such iconic companies as General Motors (GM), Home Depot (HD) and Sprint-Nextel (S). That day, even Microsoft (MSFT) pared its payroll -- the first time in the company’s history. (Microsoft owns and publishes MSN Money.)
http://money.msn.com/...
I'm just listing them. The article goes into more depth.
Al Dunlap, CEO Sunbeam, where he cut nearly half of the company's 12,000 workforce.
Jack Welch. CEO GE. During his first seven years at the helm of GE, he presided over the dismissal or layoff of more than 100,000 employees.
Frederick Henderson, CEO GM. Between November 2008 and April 1, 2010, GM laid off more than 75,000 workers. When the impact on dealerships is taken into account, more than 100,000 people lost their jobs during this period.
The federal government bailed out Citigroup during the depths of the financial crisis. CEO Vikram Pandit reduced the workforce by 75,000 through layoffs and buyouts
Former IBM (IBM) chief Louis Gerstner oversaw one of the largest job purges ever at a U.S. corporation; more than 60,000 employees were eliminated in 1993, the year he took over as chief executive at a floundering Big Blue.
CEO Mark Hurd, Hewlett-Packard (HPQ) more than 33,000 layoffs.
CEO Mark Hurd was shown the door last year following accusations of sexual harassment and falsifying expense reports.
More than 24,000 Hewlett-Packard employees were fired on Sept. 15, 2008, a day that lives in infamy because of the Lehman Brothers collapse. The cuts, representing 7.5% of the company's workforce, followed the $13.9 billion acquisition of Electronic Data Systems.
Caterpillar (CAT), CEO James Owens.27,500 layoffs between 2008 and 2010, when Owens retired.
"Verizon CEO: No Bailout for Me, Thanks."Ivan Seidenberg
21,000 workers between 2008 and 2010. The job losses might have been even worse were it not for a 2008 government bailout of more than $1.5 billion
Jeffrey Kindler CEO Pfizer (PFE) Nearly 20,000 Pfizer workers lost their jobs during Kindler's brief reign. He resigned in 2010 after the stock had lost more than one-third of its value in the 4½ years he was chief executive.
More layoffs have been announced all year. Even after they got to keep the Bush tax cuts. Here is a partial list.
Goldman plans to cut about 1,000 jobs across the firm by year-end, part of a plan to reduce cosGoldman plans to cut about 1,000present about 3 percent of Goldman's overall staff.
Goldman Sachs and Morgan Stanley have announced plans to eliminate hundreds of employees, UBS and Credit Suisse are reportedly preparing to cut thousands of jobs and Barclays Capital has already imposed two rounds of layoffs this year.
http://www.huffingtonpost.com/...
Cisco to cut 6,500 of its roughly 73,000 worldwide employees.
Close to 9,500 contract workers in total will have been laid off nationwide from the shuttle program's demise.
So Republicans, Where are the jobs?
1:46 PM PT: I should also add this pertinent piece of information:
According to a Labor Department report released earlier this month, from May 2010 to May 2011 local governments shed 267,000 jobs and state governments 24,000. Local government employment in May, at 14.165 million jobs, was the lowest since July 2006.
http://www.huffingtonpost.com/...