Thursday, January 29, 2009

Depresing or Depression?



 

http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/

Read - Sony, Warning of Annual Loss, Escalates Cost-Cutting plan
Read - Samsung may report first ever quarterly loss
Read - LG Electronics Posts $487 Million Loss 
Read - TomTom Cost-cutting program (about 7 percent of their global workforce)

Read - Seagate to lay off up to 800 local workers

http://www.engadget.com/2009/01/28/recession-roundup-volume-eleventeen-zillion/

Read - Texas Instruments cutting jobs (12 percent of its workforce)
Read - Panasonic to cut 560 jobs, close plants
Read - IBM, HP quietly cut thousands of jobs (rumored at nearly 16,000
for IBM and nearly 25,000 people for HP)
Read - Best Buy plans layoffs at headquarters (hard numbers in Feb)

http://www.engadget.com/2009/01/26/recession-roundup-monday-morning-edition/

Read - Sun confirms 1,300 layoffs (the first wave of a total of 6,000 planned job cuts)
Read - Sprint Nextel Plans to Cut 8,000 Jobs in Quarter


Read - Philips to Release 6000 Employees into Wild
Read - Several IBM employees report being laid off on Alliance@IBM (rumored at nearly 16,000)

Read - IBM Confirms Layoffs
Read - AMD Reports $1.4 Billion Loss

http://www.engadget.com/2009/01/29/recession-roundup-volume-oh-nevermind/

Read - Kodak posts loss, to cut up to 4,500 jobs
Read - Toshiba reports Q3 loss
Read - Sony's quarterly net profits tumble 95 percent

Read – Ford Credit to cut 1,200

Read – Starbucks cuts nearly 7,000 more jobs

ReadGOOD NEWS Amazon beats Wall Street Estimates (profits rose 9% - “best ever”)

Read – AOL axing 700 jobs

Read – Airlines see losses continue

Read – Recovery, when it comes, will be slow and weak


MSNBC “Eye on the Economy”

Google News Job Cut’s

Wall Street Journal Job Cut’s


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