3. Sony:

Job Cuts: 10,000

Sony is another Japan based multinational company, headquartered in Konan Minato, Tokyo, Japan. The company also scored 87^th rank in the Fortune Global 500 list. It is another leading maker of electronics products for consumer and professional markets. In the month of August this year, the company announced that, it has planned to cut off around 15 percent of its total global workforce in its mobile-phone business to increase operational efficiency by reducing the cost.  Sony, as a part of its ‘One Sony’ initiative, had announced in the month of 2012 April that it will cut off 10,000 employees jobs to gain profit for the company by reducing 6 percent of its global staff.

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2. Nokia:

Job Cuts: 10,000

Nokia is a Finnish multinational communications and information technology corporation that is headquartered in Keilaniemi, Espoo, Finland. It is mainly into manufacturing Mobiles and portable IT devices. It also provides internet services which include applications, games, media, messaging and music through its Ovi platform. The company announced in June, 2012 that, by the end of 2013, it would cut off 10,000 jobs from its total workforce. This amount of job cut is close to 14,000 as announced in 2011. Apart from job cuts, the company has also decided to close its research centers and a factory in Germany, Finland and Canada.

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1. Hewlett Packard:

Job Cut: 27,000

This is another American multinational company headquartered in Palo Alto, California, United States. In May 2012, the company announced that it will lay off around 27,000 workers across different parts of the world. But, its CEO, Meg Whitman, has cleared that this move by the company will not affect the company’s employees in India, but a major number of employees will be laid off in the United States [9,000 jobs].