Layoff Announcements, April-June 2001

'+' means profit; '-' means loss; 'NA' means not available; 'm' means million; 'b' means billion

Company...Headquarters...No. Layoffs...2002 income..2001..2000..1999

NY Times Co...New York...1,260...NA...+$444.7 m...+$397.5 m...+$310.2 m

Tribune Co....Chicago....1,560...NA...+111.1 m....+$224.4 m.....NA

Solectron..Milpitas, Ca..12,600..NA...-$123.5 m...+$497.2 m....+$293.9 m

Wachovia..Charlotte, N.C..7,000..NA...+1.6 b......+$138 m....+$1 b

Texas Instruments..Dallas..2,500..NA..-201 m......+$3.1 b....+$1.4 b

LM Ericsson...Sweden.....12,000...NA...-$2.3 b....+$2 b....NA

Nortel Networks..Canada...20,000..NA...-$24.3 b...-$3.5 b....NA

Dell……….Austin, Tx…..5,700…+$1.25 b…+$2.2 b….NA…..NA

The following shows the top compensation the above companies paid their chairman, chief executive officer [CEO], or the highest-paid officer in 2000 or 2001:

NY Times…$3.6 m
Tribune….$5.5 m
Solectron...$5.9 m
Wachovia…$10.6 m
TI….$38.2 m
Ericsson…NA
Nortel…$142.1 m
Dell….$201.6 m

For questions and comments about LayoffWatch, the book, and this Web site, email us at LayoffWatch.

To return to LayoffWatch's main page, click here.