recession – Page 2 – 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

[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.

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.

[ad]

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: