Layoff Announcements, July-Sept. 2001

Layoff Announcements, July-Sept. 2001


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

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

Lucent Tech…New Jersey….30,000…-$423 m*….-$16.2 b….+$1.2 b….+$4.8 b

Motorola……..Illinois……13,000……NA………….-$3.9 b…….+$1.3 b…..+$817 m

JDS Uniphase…San Jose, Ca..12,000…-$3.4 b**…-$56.1 b….-$904.7 m….-$171.1 m

Hewlett-Packard…Palo Alto, Ca..9,000…+$484 m*…+$624 m…+$3.7 b….+$3.5 b

Compaq……….Houston……8,500….NA…………-$785 m…..+$569 m…..+$569 m

American Express…NY…..6,600….NA……….+$1.3 b…. ….+$2.8 b…..+$2.5 b

* first three months
** first six months

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

Lucent……$1.2 m
Motorola….$2.5 m
JDS…….$150.5 m
Hewlett…$20.7 m
Compaq….$29.7 m
American Express…$28.7 m


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