1. HP

Body count: 47,540

Former HP CEO Mark Hurd, who resigned in 2010 because of a sexual harassment scandal, established a cost-cut structure that involved acquiring info-tech consulting firm EDS and laying off what he referred to as 24,000 “redundant” employees in 2008. In the same year HP reported Hurd's personal earnings at $42.5 million, which included a $1.45 million salary and $23.9 million bonus. Quarterly revenue losses led to other high-cost employees and customer service reps being replaced by cheaper alternatives—outsourcing and automated computer centers.