10 Biggest Office Layoffs From the Credit Crunch So Far

The credit crunch, a financial crisis that began in Wall Street just two years ago, has spread throughout the corporate world, bankrupting companies and terminating countless jobs as it goes. The rate of job losses has been monumental and at times unprecedented: on a single day in January of this year, 70,000 people (45,000 of them American and 4,000 of them British) lost their jobs!

Of course, it’s not just the corporate world that has been infected by this recession: it has permeated much of our daily lives. However, it is the closure of multinational financial companies that has had the greatest impact on the global economy and provided the media with the most iconic images of the credit crunch so far.

Here, we investigate (and rank) 10 credit crunched companies that have been forced to lay off thousands of their employees.

Read the full article at: http://www.ahoys.com/blog/10-eye-wateringly-huge-office-layoffs-from-the-credit-crunch