Jobs lost: 16,400
% drop (1 year): 7%
Remaining employees*: 206,700
Fortune 500 rank: 37
Weak sales and canceled orders in its aerospace and construction businesses hurt the manufacturing conglomerate, which cut 7% of its global workforce as part of a restructuring plan. Pratt & Whitney, the company's jet engine business, was hit particularly hard, and its workers have been fighting layoffs in court to prevent their jobs from being outsourced.
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Last updated May 13 2010: 9:10 AM ET
* Full-time equivalent employees as of the end of 2009