Yet another Turn For Yahoo, They lay off 1,500 people.
Comments OffAs much as I like Yahoo, they decide to lay off workers due to money. It’s really not un-expected due to the fact that they’ve been doing poorly.
Yahoo began laying off 1,500 workers on Wednesday as part of a plan, announced in October, to slash expenses by $400 million a year. The cost cutting, however, may have to go deeper in the coming year.
Office Depot Closed 126 Stores
Comments OffThis just came from USA Today, According to them and I’ll quote:
Office Depot plans to close 112 underperforming retail stores in North America over the next three months. In addition, 14 stores will be closed in 2009 as their leases expire or other lease arrangements are completed, it said.
The retailer will also close six of its 33 distribution centers in North America, and says it plans to open about 20 stores in 2009, down from an earlier estimate of 40.
[Via USAToday]
Although this isn’t talking about layoffs but this will greatly impact people who will be jobless due to the closings. SO I wanted to talk about how many per store, I estimate it will be like 20 people per store on average. So that will be around 2,500 people will be jobless in the stores and I don’t know how many people will be jobless from the distribution center. If you want to check out my other posts just click here. If you search my site you will find even more tips and tricks to better help you be ready for the job market.
The Next big Wave of Layoffs is Sony. (9,000 workers)
Comments Off
In a report from Engadget, there seems to be more Layoffs going on. One such one is Sony. Here is what Engadget said:
The bad news from the Japanese consumer electronics industry continues. Sony just announced plans to cut about 8,000 global jobs from its beleaguered electronics business while making unspecified reductions to its seasonal and temporary workforce. The move, as Sony explains it, comes “in response to the sudden and rapid changes in the global economic environment.” Ominously, it looks like Sony will also be raising prices in the countries where “Sony makes significant sales” (read: US and Europe) if we’re reading this statement correctly:
[Via Engadget]
Viacom and ATT layoff some people. (12,850 People)
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Today, we are announcing a company-wide restructuring plan that includes staffing reductions in all divisions. This will result in a reduction of our worldwide workforce of approximately 7 percent, or about 850 positions. We are also suspending salary increases for the Company’s senior level management in 2009. In addition, after a comprehensive review of our operations, we will write down certain programming and other assets. These three actions will bring us significant cost savings and other efficiencies.
[via Gawker]
AT&T Inc. joined the recession’s parade of layoffs Thursday by announcing plans to cut 12,000 jobs, about 4 percent of its work force.
[Via Associated Press]
So in all today total that is 12,850 people who are going to be laid off. This is another set of layoffs but isn’t the last to see the whole list of of Layoffs in the Tech industry that I’ve talked about please click this link. You may find some usefull tidbits if you search my blog enough, I’ve got some great tips on getting hired and what you should do to be prepared.
Microsoft issues Vista patches out of Monthly Patch Cycle!
Microsoft issues Out of cycle patch for Vista. These patches are as Followed:
An update rollup is available for the Microsoft Windows Imaging Component (WIC) in Windows Vista or in Windows Server 2008. This update rollup resolves the problems that are documented in the following articles in the Microsoft Knowledge Base:
954708 An update to add support for the serialization of complex Extensible Metadata Platform (XMP) data types in the Windows Imaging Component945060 There may be inconsistencies in the Extensible Metadata Platform (XMP) and Exchangeable Image File (EXIF) values for an image file in Windows Vista and in Windows XP
The Windows Portable Device (WPD) API collects and transfers Software Quality Metrics (SQM) data to Microsoft servers. The SQM data is collected only on an opt-in basis through the Microsoft Customer Experience Improvement Program. An update is available that disables the collection and transfer of SQL data to Microsoft servers.
This update affects Windows Vista-based computers, Windows Vista Service Pack 1 (SP1)-based computers, and Windows Server 2008-based computers that are in the Microsoft Windows Media Player Customer Experience Improvement Program.
Fidelelity to Lay off more than 4000 people in 2008.
Comments Off
Fidelity Investments acknowledged yesterday it is studying cost cutting but declined to comment on an industry report that it plans to lay off up to 4,000 employees as plunging stock markets cut into the value of its mutual funds business.
[via Boston.com]
Now this is another example of all the layoffs that are coming due to the recession. If you want to find out all the other layoffs that I have found just search my site. There are far to many for me to list now. I am not happy with what seems to be and down ward spiral.
With Black Friday for 2008 quickly approaching!!
Comments OffSince Black Friday is approaching next month, I Figured it is time to point to places where you could find them. Now that being said, I don’t think people should take some of these ads serious because of all the possibility. Where these ads are being placed is not going to be the absolute final end all price. Knowing these competitors like I do, they are going to have an ace in the hole. You will probably not find out until a week or a few days before black Friday.
They will of course try to keep the really juicy stuff out of the hands of people who blab about this on the net.
Why do they have Black Friday?
The term “Black Friday” originated in Philadelphia in reference to the heavy traffic on that day. More recently, merchants and the media have used it instead to refer to the beginning of the period in which retailers are in the black (i.e., turning a profit).
[via Wikipedia]
