Category: Rich

Technorati Officially laysoff 6 people!!

Paul

Technorati released today they are going to Lay off 6 people and I will quote:
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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.

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]