Microsoft to Cut 5,000 Jobs Starting Today:

By Paul | Jan 22, 2009

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There are reports that Microsoft will start laying people off starting Today Jan 22, 2009.

Microsoft said it will cut up to 5,000 jobs in research and development, marketing, sales, finance, legal, human resources and IT over the next 18 months. The first 1,400 jobs will be cut Thursday.

[ViaPcWorld]

I really hate to see this happen but I did suspect this to happen. I get a feeling this isn’t the last we will see of Microsoft doing something like this. I would suspect it will become even more than 5,000 jobs. I will take a guess and say 16,000 will be the total or close to it. If you want to see the other layoffs I’ve talked here are few:

I have several differnent articles about the layoffs but I did speculate they will lay off 16,000 people so I am sure it will happen in the next few months. Only time will tell!!!

Western Digital To Shed 2,500 people from the workforce!

By Paul | Dec 17, 2008

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I saw this on Engadget and had to talk about this. If you are getting Laid off. This will be over shortly, I am sure of it!!!

Just in time for the holidays, it’s Tickle Me Layoffs. Western Digital is cutting loose 5% of its workforce — that’s 2,500 more people who’ll be staying home against their will. Hey Nintendo, why are you so happy?

[Via Engadget]

This is sad just before the holidays people will have to stay home and worry about the coming year. I hope they get some help with the government. Where is the second check that we are supposed to get?

The Next big Wave of Layoffs is Sony. (9,000 workers)

By Paul | Dec 9, 2008

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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]

In Today’s economy, you need to be prepared. So I thought I bring back some old Favorites of mine and talk about them. To see the other layoffs that I’ve talked about CLICK HERE. If you wanted to know what you can do to be prepared here are some great resources for people who are worried about there jobs:

5 ways to improve your chance of getting hired.
Are you asking to be scammed? (Don’t get scammed while finding a job)
Google : Job Resources

Viacom and ATT layoff some people. (12,850 People)

By Paul | Dec 4, 2008

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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]

This is a Sad day for the telecommunications industry both AT&T and Viacom are laying off people. According to reports Viacom will lay off around 850 people. ATT will layoff 12,000 Jobs. Here’s the quote from Associated Press:

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.

Rumor: GE to be the next to layoff its workers!!

By Paul | Nov 9, 2008

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GE to Layoff it workers!

According to sources of friends close to me, their seems to be a consensus that there will be a major layoff coming from GE. My source is talking about it being a lot of people will be laid off and that it will start happening in the coming weeks.

According to Yahoo Finance saying this “52 week change of GE is -50.86% from last year. ”

Now last year this time there Stock Price was 38.38 a Share and now they are 18.60 a share. They dropped -19.78 over the year. The seemed to get close to the 38.38 a share on April 4, 2008 with making 37.56 a share. That was there highest this year, due to the fact that people were getting there income tax refunds in the mail. Also NYSE says they had a slight increase in July and Aug, that is due to the Stimulus package that we got in 2008.

UPS expected to layoff people also

By Paul | Oct 24, 2008

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According to New York Times:

United Parcel Service reported a 9.9 percent drop in quarterly profit on Thursday and said it expected consumers to cut back on holiday gift purchases. The company is planning cost cuts, including layoffs, in 2009. It said it expected profit for 2008 to be toward the low end of a range it provided in July.

[Via NYtimes]

So that creates more of a demand on Jobs and if you want to hear some other layoffs that I’ve seen on the go, just search my site. Some useful links to check out is:

Largest Employer : University of Pittsburgh Medical Center is planning layoffs!!

By Paul | Oct 23, 2008

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Is this the beginning or the end of the recession? After seeing this today I wanted to talk about this development. If they layoff a large number of people is this going to effect your chances of finding a job? Here’s what they had to say:

The University of Pittsburgh Medical Center has plans to reduce its 50,000 workforce by a small percentage. UPMC did not immediately release any specifics.

“As the economy deteriorates, we are proactively taking these steps to ensure that our growth in expenses is not outpacing our growth in revenues,” a UPMC statement said.

[via WTAE.TV]

So now that they have said this, what’s the percentages of the workforce are going to be laid off? I wanted to talk about how you could get ready for the imminent day of this. Here’s some good links to consider:

And here are some other companies who are planning layoffs or have laid off people:

Mahalo Lay’s off around 10% of it’s workforce!!

By Paul | Oct 22, 2008

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In an email he sent to the readers of his publication, Jason Calicanis talks about having to lay off around 10% of people from Mahalo. Here’s the quote:

We’ve laid off a just under 10% of our full-time staff, cut our overhead by doing smart things like renting desks (we have six desks/offices available fyi), and reorganized our editorial department to focus on freelance positions over in-house editors. The net result
of the effort is we are giving Mahalo another year of “dry powder” (or runway) to complete our mission.

This is not to be unexpected after all the talk about the recession coming our way. It does however emphasizes the need for companies to consider there profit margins and accounting strategy.

Mahalo was launched in May 2007 as an Alpha test. That is to say only a select number of people were able to access the site and create feedback to the development of the site. As of January of 2008 it is in what we call the Beta test phase. Which means more people are testing it out and find out it’s flaws to report back about where they need to improve. Mahalo’s directory employs human editors to review websites and search engine results.