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).
| Company | Industry | Layoffs |
|---|---|---|
| Debenhams | Retail | 12,000 |
| Viatris | Pharmaceutical | 9,000 |
| Southwest | Aviation | 6,828 |
| Dentsu | Advertising & Communication | 6,000 |
| Satander | Banking | 3,572 |
| Cisco | Technology | 3,500 |
| PIA | Aviation | 3,500 |
| 3M | Conglomerate | 2,900 |
| YMCA | NGO | 2,090 |
| Coca-Cola | Consumer Products | 2,200 |
| Qantas | Aviation | 2,000 |
| Allied Irish Bank (AIB) | Banking | 1,500 |
| King's Seafood Co | Sea Food Chain | 1,400 |
| Marriot | Hotel | 1,265 |
| Walmart | Retail | 1,241 |
| Ted Baker | Retail | 953 |
| Pret a Manger | Restaurant & Food | 875 |
| Hackensack Meridian | Healthcare | 752 |
| Akwesasne Mohawk Casino | Restaurant & Food | 701 |
Source: Intellizence Layoff Dataset
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