7 Companies That Hold Records At Waiving Employees

By siliconindia  |   Tuesday, 10 February 2015, 01:40 IST
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# Hewlett Packard: 24,600 (2008) + 27,000 (2012)
HP was a wobbly ship with hole bored in deep, started its reconstruction to obtrude the damage by firing employees, in 2008 itself it sent notes to 24,600 employees along with their final paychecks.
HP in order to repair its losses came in coalition with Compaq which saw the phase of kicking out CEOs one of its long serving of about 10 years was fired out.
He was the first CEO to be fired to be followed by others in lineas to their performance and issues.
# Sears/K-Mart: 50,000 (January 1993) + 57,000 employees (2002-2003)
Before merging in with each other, both the companies had their share of experience at cutting losses as to firing employees and the merger also had its share.
Individually, Sears sprewn out 50,000 of its employees a very big count those days while Kart following it with 57000 another number.
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