Laid off – Page 4 – Paul's Tech Talk

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

PaulNovember 9, 2008

GE to Layoff 11,000 Workers!! 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. ”

[ad#ad2-right-1]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.

Now I’m not a financial expert in the least. I just see what I see with stock prices. These could mean they are doing extremely well, or they could indicate that the company is planning on laying people off. I’m just trying to provide a background on why they might lay people off. We are getting to he point of becoming a Depression and no longer a Recession. What do you think?

Circuit City to layoff employees and might close several stores!

PaulNovember 7, 2008

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Some sources are say this:
The newspaper cited one of the affected workers, who indicated that between 500 and 800 employees would be let go. The layoffs reportedly began yesterday with the departure of several “upper management” executives, the source said.

[via Twice]

Now I know people hate when I blog about this because it is so depressing but I do like to let people know about this stuff so you can know what to expect in the coming future. This is all due to the economy and the recession that is on our doorsteps. If you would like to find out what other companies are laying off that I know about just click this [LINK] and it will show you all the other blog posts that I talked about that have or are laying people off. I keep telling people to keep there resume’s ready for just this type of outcome.

UPS expected to layoff people also

PaulOctober 24, 2008

[ad]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!!

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

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

PaulOctober 23, 2008

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: