Tough times are back in the business world, and with them the job cuts. The past few months have seen several global giants, including IT companies, shed jobs. While in some cases the reason behind these job cuts is business restructuring, in others it is the need to become more cost efficient. Here are some of the biggest IT companies which have announced job cuts in 2012.
1) HP – 27,000
In May, Hewlett Packard (HP) announced it will lay-off 27,000 employees across the globe. This included 9,000 job cuts in the USA, while CEO Meg Whitman assured that this move will not affect employees in India.
2) Nokia – 14,000
In February, Nokia stated that it planned to fire 2,300, 1,000 and 700 jobs in Hungary, Finland and Mexico, respectively, as it shifted all manufacturing operations to Asia. Then in June, Nokia declared plans to let go of 10,000 of its employees by the end of 2013 as part of the cost cutting initiative.
3) Sony - 10,000
Sony in April said it will shed 10,000 employees as part of its 'One Sony' initiative. This means that the company will lose 6% of its global staff in a bid to once again become profitable.
1) HP – 27,000
In May, Hewlett Packard (HP) announced it will lay-off 27,000 employees across the globe. This included 9,000 job cuts in the USA, while CEO Meg Whitman assured that this move will not affect employees in India.
2) Nokia – 14,000
In February, Nokia stated that it planned to fire 2,300, 1,000 and 700 jobs in Hungary, Finland and Mexico, respectively, as it shifted all manufacturing operations to Asia. Then in June, Nokia declared plans to let go of 10,000 of its employees by the end of 2013 as part of the cost cutting initiative.
3) Sony - 10,000
Sony in April said it will shed 10,000 employees as part of its 'One Sony' initiative. This means that the company will lose 6% of its global staff in a bid to once again become profitable.
