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Jan 27

Layoff Trends for December 2020

  • January 27, 2021
  • Layoff/Downsizing

Intellizence has highlighted layoff trends for the month of December 2020. The following insights are based on the analysis of Intellizence layoff dataset.

Key Takeaways:

  • Over 300 US companies announced layoffs.
  • Layoffs were primarily concentrated in the industries that were most impacted by COVID-19 – tourism & hospitality, manufacturing, restaurant & food services, retail, and aviation sectors.
  • The largest layoffs across the world were – Debenhams (12000), Viatris (9000), Southwest (6828), Dentsu (6000), Satander (3572).

Layoffs Intellizence

CompanyIndustryLayoffs
DebenhamsRetail12,000
ViatrisPharmaceutical9,000
SouthwestAviation6,828
DentsuAdvertising & Communication6,000
SatanderBanking3,572
CiscoTechnology3,500
PIAAviation3,500
3MConglomerate2,900
YMCANGO2,090
Coca-ColaConsumer Products2,200
QantasAviation2,000
Allied Irish Bank (AIB)Banking1,500
King's Seafood CoSea Food Chain1,400
MarriotHotel1,265
WalmartRetail1,241
Ted BakerRetail953
Pret a MangerRestaurant & Food875
Hackensack MeridianHealthcare752
Akwesasne Mohawk CasinoRestaurant & Food701

Source: Intellizence Layoff Dataset

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