Accused of shipping American jobs overseas, Apple reacted by saying it has actually created US jobs—some 514,000 in fact. Now BusinessInsider takes a closer look at the numbers and finds that the tech behemoth has actually eliminated 490,570 positions, nearly the same amount it has created. Here's the breakdown:
- Circuit City: 42,974 layoffs. Apple's seizure of the PC market, and the fall of LCD TV prices, spelled doom for Best Buy's only real competitor.
- Federal government: 42,105 layoffs. Apple saved $2.4 billion in tax loopholes last year, according to a recent article. That adds up to some 42,000 lost government jobs.
- Kodak: 28,000 layoffs. The iPhone played a big role in eliminating interest in film cameras. The 131-year-old Kodak company filed for bankruptcy earlier this year.
- Hewlett Packard: 16,995 layoffs. The once-dominant PC computer maker is now merely an "afterthought." And its touchpad failed miserably. Thousands of layoffs have followed in recent years.
For more layoffs that BusinessInsider blames on Apple,
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