10 Large U.S. Companies That Won't Cut Jobs

1. Cisco in the midst of a very rapid expansion into the server & data center business. That will require extra personnel and may involve acquisitions. Cisco is in several businesses which are nearly recession-proof and should continue to do well, including video conferencing which may actually grow as business people cut back on travel.

2. VISA is lucky. It does not offer consumers credit. It acts as an agent to transfer funds between buyers and merchants. Visa also handles transaction clearing and settlement services. Unlike large banks, when a customer defaults, Visa’s balance sheet is not at risk.

3. Apple will not lay people off because Steve Jobs would have to admit he had made a bad decision and the company would appear not to be perfect.

4. Apollo is a large education company almost no one has heard of.

5. Altria is doing well because people addicted to cigarettes smoke even during a recession.

6. Google fired a very small number of people last year. If the company wants to control personnel costs, it can simply stop hiring. Google has been adding employees at a dizzying rate for four years. Google, like Apple, has a tremendous interest in keeping its R&D, marketing, product development, and engineering projects going forward as rivals like Microsoft and Yahoo! falter. Google has a chance to pick up market share from both companies and improve its competitive position against Microsoft in the PC application business.

7. Colgate has “side-stepped the global slowdown” as MarketWatch recently wrote. In the most recent quarter the company’s profits were up 20%. It would be hard to pick a better time to sell toothpaste, pet food, and shampoo. Even in a bad economy, most of these are products will have stable sales.

8. Verizon is not growing as fast as it was a year ago. Cellular sales are not quite as good due to market saturation and the economy. But, the use of wireless devices for sending items like data and video over wireless networks is improving margins in the company’s cellular operations. Verizon has also made a major gamble that it can take home broadband and television services away from the cable companies. It will need to continue to market, service, and build the infrastructure out for that to get a return on its multi-billion capital investment.

9. Amgen is still growing rapidly unlike most Big Pharma companies. Its biotech business is producing novel medical treatments that have kept its' sales solid.

10. Corinthian College is another highly successful company in the education field which should benefit from the need of people out of work to develop new skills.

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