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Tommy Hilfiger and Calvin Klein owner PVH Corp is eliminating 450 jobs and closing 162 stores. Blue jeans brand Levi's is cutting 700 jobs or about 15% of its global workforce. Macy's is also cutting jobs, eliminating about 3,900 corporate employees after furloughing most of its workforce earlier this year.

Nike also announced job cuts, although it isn't saying how many jobs it will eliminate. The company said it's actually not a cost-cutting move, however. Instead, the sportswear brand claims the move is aimed at investing resources in stronger parts of its business.

Drug store chain Walgreens is slashing 4,000 jobs in response to the loss it posted in its third fiscal quarter.

Other layoffs

HSBC is slashing 15% of its global workforce or about 35,000 jobs. Additionally, Reuters announced that Goldman Sachs has revamped its employee review process, opening the door to even more job cuts. Bloomberg Law also reported that Wells Fargo is getting ready to eliminate thousands of jobs.

Defense contractor and airplane manufacturer Boeing is laying off almost 7,000 workers. Social network LinkedIn plans to cut 6% of its workforce of 960 jobs, all in hiring and sales.

Tumbling oil prices have also resulted in job cuts. Schlumberger announced plans to eliminate about 21,000 jobs, while Chevron plans to cut between 10% and 15% of its workforce, which employs 45,000 people globally.

These aren't the only layoffs that have been announced in recent months, and the list is growing by the day. More and more companies are likely to cut jobs unless more funds from the Paycheck Protection Program are forthcoming. Congress is expected to add additional funding for the program in the next stimulus package.