Category: layoff

Technorati Officially laysoff 6 people!!

Paul

Technorati released today they are going to Lay off 6 people and I will quote:
[ad#ad2-left-1]

Unfortunately, this means sacrifices. Technorati’s management team members are taking pay cuts ranging from 15-25% and employees are taking 10% cut. This also includes the reallocation of staff. We’re laying off six employees today – including two executives — and there are two additional departures we won’t replace. These are high performers who have worked long hours to get us where we are now. They’re also friends, and we’re very sad to see them go. We simply need a leaner and reconfigured mix to get us through 2009.

[via Technorati Weblog]

They will also be taking pay cuts all through the company.  So the recession is hitting them also.  I am sure CEO Richard Jalichandra has the company interest in mind.  According to Techchunch, they have added these recent layoffs ticker.   You can also search my blog for other layoffs that have happened or will happen.

Comfirmed: DHL to Lays off 10,000 workers!!

Paul

[ad#ad2-left-1][COMFIRMED]

According to The Press-Enterprise has announced all 18 U.S. Hubs will close and that means 10,000 workers will be out of a job.  They will keep 3,000 for international business.   I wanted to tell everyone about this as soon as I found out.

There is a rumor that DHL might layoff some of it’s employees. About 8,000 Jobs will be announced to tomorrow when they release the earnings report. Now I know very little about this parent company but they have 475,100 employees and that would mean 1.6% of the people would be laid off!!

According to Business Week there Volume have been going down this year.

(CNN) — A southern Ohio community is bracing for possible layoffs as DHL Express — the largest employer in the area — planned to announce its quarterly earnings report and restructuring details. [Via CNN]

[ad#ad2-right]

From what I can tell this will affect the Eastern part of the US. I’ve done a little digging for everyone to see just why they would want to layoff so many people. They have to reduce there spending because there Volume isn’t as it should. This will also effect delivery of packages, and might end up slowing the delivery of Christmas packages.  So pack those presents early and ship them off early, to make sure they get delivered before Christmas!!  To see other layoffs this year just click this LINK.  It will show you all of the layoffs that have/are/or might happen in the near future.

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

Paul

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!

Paul

[ad#ad2-left]

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.

Mattel introduces the new Welfare Barbie.

Paul

[ad#ad2-left]Mattel will be introducing the new welfare barbie doll,or laying off 1,000 jobs. According to Bloomberg and I’ll quote:

Mattel Inc., the world’s largest toymaker, said it would cut about 1,000 jobs, or 3 percent of its global workforce, as it faces higher manufacturing costs amid the worst financial crisis since the Great Depression.

[via Bloomberg]

If you’re like me and you want to cringe every time you hear another place is laying off people. I say we are still in a downward spiral. Everyone is saying that even Jason Calacanis, in his recent email he sent to all his fellow readers, he talked about the Rich not buying anything they didn’t need. He said that is good, I however wonder how far the hole goes before we hit rock bottom.

[ad#ad2-right]According to some analysts, they are talking about this lasting another year or more. On another note, according to Kotaku and I’ll quote on this one to:

We have received a letter purportedly sent by THQ CEO Brian Farrell to explain to his employees the reasoning behind the company closing five studios and laying off staff from two others. The closed studios are Helixe, Sandblast Games, Locomotive, Mass Media and Paradigm.


[via Kataku]

Now I’ve talked enough about Layoffs in the past and I won’t talk to much but I do hope this changes in the new future. If you want to find the other ones that I talked about just search my site, they are all there with out any problems.

[Thanks to Kyle Rees for the suggestion on the heading]