End-of-Quarter Layoffs Hit Amazon, IBM, Google, and The New York Times

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With the end of the first quarter of the 2009 almost here, even the strongest companies companies are making last-minute layoffs to shave costs. Today, layoffs were announced across the tech sector, from IBM to Google to Amazon. The biggest layoffs came from IBM, where 5,000 people are losing their jobs in the U.S.. Amazon cut 210 people at three distribution centers in Nevada, Indiana, and Pennsylvania. Google also announced layoffs of 200 people from sales and marketing (so far, engineers have been spared). In all three cases, the job cuts amounted to roughly one percent of each company’s global workforce. The New York Times also announced a 5 percent cut of its newsroom business operations, or 100 people.

It is not as if the payroll reductions will help save the quarter or even have a material impact on it. But the companies can point to the measures during their conference calls with investors and analysts and project the savings going forward.

We’ve added the job cuts to our Layoff Tracker. To see who is hiring, check out our CrunchBoard.

  • Total Layoffs Since August 27, 2008: 448
  • Total Employees: 316,246
Company Date Location # % Source
Amazon March 26, 2009 Red Rock, Nev.; Munster, Ind.; and Chambersburg, Pa. 210 1% NYT
The New York Times March 26, 2009 New York, NY 100 5% NYT
Google March 26, 2009 Mountain View, CA 200 1% NYT
IBM March 26, 2009 USA 5,000 1% LA Times
Imeem March 25, 2009 San Francisco, CA 6 4% TechCrunch
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