25 Biggest Layoffs in the Last Year

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1. General Electric Company
> Number of announced layoffs: 12,000
> Date: December 8
> Industry: Industrial
> Reason: Restructuring

Source: Joe Tabacca / Shutterstock.com

2. Macy’s Incorporated
> Number of announced layoffs: 10,000
> Date: January 4
> Industry: Retail
> Reason: Demand downturn

Source: Cognizant Technology Solution / Wikimedia Commons

3. Cognizant Technology Solutions Corporation
> Number of announced layoffs: 6,000
> Date: March 21
> Industry: Services
> Reason: Cost-cutting

Source: Wikimedia Commons

4. J.C. Penney Company
> Number of announced layoffs: 5,550
> Date: February 5
> Industry: Retail
> Reason: Cost-cutting

Source: William M / Wikimedia Commons

5. HHGregg Incorporated
> Number of announced layoffs: 5,000
> Date: April 4
> Industry: Retail
> Reason: Closing