Following the previous posts on Macquarie Bank's job cuts I thought it would be a good idea to have a look at the job losses at various companies. Here's a summary:
- Macquarie Bank - 1,000 over the next few months (12% of total workforce), possibly up to 4,000
- Goldman Sachs - 150 (8% of total workforce)
- Ericsson - 300 (6% of total workforce)
- Telstra - 12,000 by 2010
- Air New Zealand - 200+
- British Telecom - 10,000 by the end of the year (15% of total workforce)
- ANZ - 3,000 - 3,500 (10% of total workforce)
- Sun Microsystems - 6,000 (15-18% of total workforce)
While this isn't nearly the complete list it gives some idea of how many unemployed suits there will be running around over the next year. I expect enrolments in University Master's courses to be up in 2009 filled with many former high-flyers looking to reskill themselves or find a niche.

