# Citigroup: 50,000 employees (November 2008)
The credit marketers hit the rock bottom during the period of recession, they were not spared even as to the market in loss.
It’s new CEO as expected of him concentrated on firing employees which is quite normal strata followed, but as for the employees till now even in booming market they are guaranteed of their jobs as profits are required nonetheless.
# General Motors: 47,000 employees (February 2009)
With recession hitting employees, the sales of General Motors barely scratched the bottom and went down with losses. So to save up what remained it started bringing in low cost cars which are for the young at their affordable price.
The quality also cut down as for employee number to save them who can strive round, it also put stop to its Hammer which is famous now which produced losses then.
# AT&T: 40,000 employees (January 1996)
A small sacrifice for the greater good is what AT&T followed, it cut down a number of employees in different areas and places to protect the jobs of 270,000 who makes it the three companies.
But till date it is on rapid fire to fire its employees who or which obstruct its profits line.
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