Category: Jobs

Microsoft to Cut 5,000 Jobs Starting Today:

Paul

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

Bank of America Slashes 35,000 Jobs in 3 Years

Paul

This one hit me hard in the chest.  I must say this was a big surprise to me and others but it looks like Bank of America is going to cut 30,000 to 35, 000 Jobs in the next 3 Years.   I’ll will quote Huffinton Post:

NEW YORK — Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.

[Via Huffinton Post]

[ad#ad2-right]Now this one will affect the Whole US and some other International in the coming years. It is based on the Economic Stresses we are getting hit with right now. I am saddened and disturbed by how many people have loss there jobs. I have lost count as to how many people have losed their jobs over this economic downward spiral as Jason Calicanis once said. I can only hope that we can get up after this and fix what went wrong in the first place. I also know that it is quite hard to get hired in this day and age. So what is to become of the hard working men and women? Will the Government have to pay for housing for even more people? These are all questions we must answer soon in order to prevent a disastrous depression.

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

Paul

In a report from Engadget, there seems to be more Layoffs going on.   One such one is Sony.  Here is what Engadget said:

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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]

[ad#ad2-left]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:

If you have any others you would like to suggest please leave a comment and let everyone know.   These are hard economic times and we all could use the help.

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

Paul

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]

[ad#ad2-left]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.

Adobe Lays off 600 people

Paul

Adobe might also hire new workers within Europe, he said. The cuts will be formally announced on Dec. 15 when the company releases its fourth-quarter financial report.

[via Infoworld]

[ad#ad2-right]This is another technology company to lay off people, there are some talks that it would be around 600 workers on some blogs. Others are just talking about the Management shakedown, and some workers are going to be moved around. I don’t know who is going to be laid off, or if there will be a tremendous amount of people who will need to start looking for a job. I do know that Adobe is looking for ways to cut cost, and I expect they are having problems just because of the Recession.  If you want to check out other jobs that have laid people off, just click this link.

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Adobe also announced the implementation of a restructuring program, and has taken steps to reduce its headcount by approximately 600 full-time positions globally. The restructuring will result in anticipated pre-tax charges totaling approximately $44 million to $50 million. The Company expects approximately $28 million to $30 million of the restructuring charges to be recorded in the fourth quarter of fiscal year 2008.

[Via Adobe Blog]

This the press release for Adobe and I wanted to share with you what they said. So it is confirmed they want to get rid of 600 people. Sad to hear, but that isn’t the only layoffs in the industry. If I find out anything else I’ll let you know!!