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2. Time Warner
Time Warner
Jobs lost: 56,000
% drop (1 year): 64%
Remaining employees*: 31,000
Fortune 500 rank: 82

In addition to spinning off AOL, along with its 6,700 workers, and subsidiary Time Warner Cable -- another 47,000 people -- last year Time Warner laid off employees at magazine publisher Time Inc. (parent of Fortune) and entertainment studio Warner Brothers.

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Last updated May 13 2010: 9:10 AM ET
* Full-time equivalent employees as of the end of 2009
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