Job Cuts Keep Coming—Is Your Firm On the List?

Another round of layoffs was announced on Wednesday, adding to the gloom over rising unemployment.

CNBC.com

Companies from a range of sectors are hemorrhaging jobs as the recession worsens.

UBS became the latest victims of the weakening economy, announcing it would cut a further 8,000 jobs.

Job losses in the U.S. private sector accelerated in March, more than economists' expectations, according to a report by ADP Employer Services Wednesday.

Private employers cut jobs by a record 742,000 in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs, said ADP, which has been carrying out the survey since 2001.

The big drop foreshadows a huge decline in the non-farm payroll reading in the government's employment report that will be released on Friday, some analysts said.

Here is a rundown of corporate job cuts announced so far:

• UBS , the world's largest wealth manager in terms of assets, would cut a further 8,000 jobs and write down at least another $2 billion on illiquid assets.
• Johnson Controls , the third-biggest auto parts supplier in North America, said it had completed two-thirds of its restructuring announced at the end of 2008, which included shutting 21 plants and reducing 9,300 jobs, or 7 percent of its global workforce.

• Walt Disney has cut an undisclosed number of workers at its domestic parks this month, in a previously announced plan to consolidate behind-the-scenes operations for Walt Disney World in Florida and Disneyland in California, a spokesman said. Local media in Florida, tipped off by laid-off workers, have reported cuts as deep as 450 jobs at the two locations.
• Google is cutting its sales and marketing team by roughly 200 employees, saying it had over-invested in certain parts of the company.
• IBM announced it will lay off a large number of U.S. employees in its global-businesses services unit and many of the positions will be transferred to IBM employees in India, according to the Wall Street Journal. The number of jobs that will be affected was not reported.

• Constellation Brands said it plans to cut about 5 percent of its global workforce, or roughly 400 jobs, and warned that profit for its just-ended fiscal year would be lower than expected, sending shares down 4 percent.
• Medical products maker Hospira said it expects to cut about 10 percent of its workforce, or 1,400 jobs, as part of a plan to reduce costs and become more efficient.
• Click for companies that announced layoffs in January...
• Click for companies that announced layoffs in February...

—Sources: AP, Reuters, with CNBC.com staff.

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