4. NEC

Body count: 20,000

Japan's third-largest chipmaker suffered a net loss of $3.2 billion in 2009 due to a global slump in semiconductor sales and other smaller businesses, which meant terminations all across the board with a majority coming from the chip, electronic-component, and LCD sectors. Each job cut came with a price tag and the company would fall into the red in 2010, even after merging with competing chip-maker Renesas. Looks like NEC acronym does stand fors: Never Ending Costs.