recession – Page 2 – Paul's Tech Talk

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.

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

PaulOctober 29, 2008

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?

Fidelelity to Lay off more than 4000 people in 2008.

PaulOctober 28, 2008

Fidelity Investments acknowledged yesterday it is studying cost cutting but declined to comment on an industry report that it plans to lay off up to 4,000 employees as plunging stock markets cut into the value of its mutual funds business.

[via Boston.com]

Now this is another example of all the layoffs that are coming due to the recession. If you want to find out all the other layoffs that I have found just search my site. There are far to many for me to list now. I am not happy with what seems to be and down ward spiral.

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:

5 ways to improve your chance of getting hired.

Are you asking to be scammed?

And here are some other companies who are planning layoffs or have laid off people:

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

Merck Laid off 13% of it’s workforce

With all this that is going on in the world I thought it was something that needed to be said and let people know about these developments.

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

PaulOctober 23, 2008

[ad#ad2-left]In an email he sent to the readers of his publication, Jason Calicanis talks about having to lay off around 10% of people from Mahalo. Here’s the quote:

We’ve laid off a just under 10% of our full-time staff, cut our overhead by doing smart things like renting desks (we have six desks/offices available fyi), and reorganized our editorial department to focus on freelance positions over in-house editors. The net result
of the effort is we are giving Mahalo another year of “dry powder” (or runway) to complete our mission.

This is not to be unexpected after all the talk about the recession coming our way. It does however emphasizes the need for companies to consider there profit margins and accounting strategy.

Mahalo was launched in May 2007 as an Alpha test. That is to say only a select number of people were able to access the site and create feedback to the development of the site. As of January of 2008 it is in what we call the Beta test phase. Which means more people are testing it out and find out it’s flaws to report back about where they need to improve. Mahalo’s directory employs human editors to review websites and search engine results.

[ad#ad2-right]Saying that Mahalo is in Beta still doesn’t lessen the fact that they are worried about there revenue model and expect a drastic decrease in revenue over the next 2 years due to the Recession still hanging over our heads. This is where it comes to pure talent and understanding that most people in the business has to worry being laid off for example Merck Laid off 13% of it’s workforce. Most people know the dread and fear of having the possibility of a Layoff hanging over your head and it is bound to affect even the most stubborn person and independent person. It is going to come at a time like Christmas or the first a year and you will have to scrounge around and try to find another job. It’s tough and I’ve got a list that will help you :5 ways to improve your chance of getting hired.

With this list you will be able to get a better grip of the future and maybe create a better future in the process.

Mahalo is still in it’s infancy and will still need time to grow and mature and with this recession looming over everyone’s head they will have quite a time making heads or tails of the future. So why try to create the future if you don’t know what will happen? That comes with the territory of blogging and website that are 2.0. It’s a hit or miss when it comes to people finding the best content and sometimes finds the worst content. This is where you as a reader have to choice what to listen to and who to listen too. I don’t say that will be easy but it is essential in finding what you need at the time you need it.

If we don’t do anything, this will be the last you will see of some of these big name sites. We need to gather around them and show our support, by reading there content and providing feedback if there is something that needs to be change. That is your power to help these websites become the best they can. So go comment on your favorite website, tell them something you think they can do to better the content. So why aren’t you doing that now?