Trump And Jobs: CSX Layoffs Are Latest Employment Losses Under New President

President Donald Trump may have made headlines when he saved a fraction of the jobs Carrier Corp. planned to cut in early December, but the Indianapolis-based air conditioning company hasn’t been the only firm to lay off workers in large numbers lately. CSX Transportation announced plans Tuesday to draw down its 2,500-strong management-level workforce to 1,500 people at its Jacksonville, Florida, headquarters and across the country.

Aside from CSX, some of the largest mass workforce cuts to have taken place since Trump took office follow below.

General Motors Co. – 1,250 jobs

More than a thousand workers in Lordstown, in northeastern Ohio, became unemployed Jan. 23 when GM reportedly decided to make cuts based on a lack of consumer demand for the Chevy Cruze, according to the local broadcaster WKYC.

Deutsche Bank AG – 9,000 jobs

After a year of problematic legal entanglements, the bank planned to move forward with cuts of about 17 percent of its global staff, first announced in 2015, Bloomberg reported Feb. 3.

Humana Inc. – 500 jobs

The home health care arm of the Louisville, Kentucky-based insurance giant planned to lay off 412 workers in Florida and 88 in Ohio, starting April 3, Cincinnati.com reported, citing a company official.

Zenefits – 430 jobs

The cloud software service planned to lay off 45 percent of its workers, both at its headquarters in San Francisco and at an office in Tempe, Arizona, BuzzFeed first reported Feb. 9.

Credit Suisse – 6,500 jobs

Another international megabank, Credit Suisse followed its 7,250 job cuts in 2016 with nearly as many in 2017, Reuters reported Feb. 14. The layoffs followed news that the bank had suffered losses for the second year in a row.

Fiat Chrysler Automobiles – 3,200 jobs

While expected for some time, the layoffs, which targeted an Ohio plant that manufactured Jeep Wranglers, were confirmed to the Toledo Blade by FCA on Feb. 14. The workers were expected to be dismissed from the Toledo Assembly Complex beginning April 7.

PeaceHealth – 500 jobs

The non-profit health care organization, headquartered in Washington state, planned to lay off more than half of the workforce in its laboratories branch as it ceded 11 labs to Quest Diagnostics, the local broadcaster KVAL reported.