Category: percent

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.

Citigroup bank might be saved through the recession.

Paul

According to reports from ABC News, Citibank is having a hard time and might need to be assisted by the government.

[ad#ad2-right]The company has seen its shares lose 60 percent of their value in the past week, reflecting a crisis of confidence among skittish investors. They are worried all the risky debt on Citigroup’s balance sheet will turn into losses as the economy worsens and the markets stay turbulent — losses that could be nearly impossible to reverse.


[via ABC News]

Although this is somewhat expected, I don’t think we can afford to pay the debt of a bank.  We are all having to deal with this recession.   I don’t know how they can afford to pay for Citigroup and expect this to help bolster the economy.   I guess only time will tell!!!

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]

AT&T smacks the gauntlet at you!

Paul

[ad#ad2-right]

According to Cnet News:
The test, which began being applied in the Reno, Nev., area on Saturday, limits customers of AT&T’s slowest DSL service to 20 gigabytes of monthly data transfers, while users of the fastest service will be limited to 150 gigabytes. Customers will have access to an online tool to track their usage and will receive notification when they reach 80 percent. Those who exceed their limits will be charged $1 per gigabyte.

[Via Cnet News]


So you just received the information that AT&T is doing this. How do you want to keep track of your online usage. I’ve got some good tools to help you. Although they will only help to a certain point you must remember a few tips and these tips are:[ad#ad2-left]

With these steps you would greatly increase stoping unnecessary use of your bandwidth.  Most people don’t understand that any program you use on your network will be counted on the total bill.  If you know of any good ways to help stop bandwidth by all means tell people and if you find any good programs that might help, please leave a comment.

The Magazine Time, plans to elimate 600 jobs in the near future!

Paul

According to Time Inc. Editor in Chief John Huey is planning on Laying off over 600 jobs:

Time Inc., the world’s largest magazine publisher, plans to cut 6 percent of its work force — more than 600 positions — and will revamp the organization in a way that could radically alter the culture at the company.

[via Nytimes.com]

With the way the economy is, we have more and more people who are having trouble with Layoffs.   I got a list of companies right now who is laying people off.  If you want to check it out just CLICK HERE.

Now let’s talk about the bigger picture, people are worried and want to get through this with out getting hit hard.   So what is true hardship, that comes when you least expect it and want it.  I’ve come to the conclusion that it will happen in the best of times.  You see most people don’t know what hardship is until it hits them in the square on the head.

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Having seen this coming a mile a way, I thought I would come up with ways to be prepared and I’ve done a lot of hard work to be prepared, you two could be prepared.  If your interested just click this link and check out all my article on getting prepared.  If that doesn’t help you just go out and use google to the fullest.  You see if your not ready for the end how can you be ready for the beginning.  You will sooner or later be dealt a deck of cards and not know where to go next.

I am not trying to say everyone will loose there jobs but that doesn’t mean your safe where you are.  You must strive to be better than are RIGHT now!! For if you don’t you will never have the chance to survice this Recession.  I am so sure we are heading into the mouth of t he tiger right now, there is no turning back.  Are you prepared?