10 recent company layoffs - Caterpillar

<span class="headline18">Caterpillar</span><br>
<br>
<b>Announced:</b> Jan. 26<br>
<br>
<b>Number of layoffs:</b> 20,000 jobs<br>
<br>
<b>Reason for the cuts:</b> The world's largest maker of construction and mining machines, which also reported lower-than-expected fourth-quarter earnings, said it was laying off  workers to reduce costs in the face of what it predicted would be the weakest year since the end of World War II.
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( Paul Morse / Los Angeles Times )

Caterpillar

Announced: Jan. 26

Number of layoffs: 20,000 jobs

Reason for the cuts: The world's largest maker of construction and mining machines, which also reported lower-than-expected fourth-quarter earnings, said it was laying off workers to reduce costs in the face of what it predicted would be the weakest year since the end of World War II.

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