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

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?

Mattel introduces the new Welfare Barbie.

[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]

Peek Email tops Time Gadget of the Year!

[ad#ad2-right]I’ve not seen this yet, I will do my research on this Peek Email Device. This is fascinating that I didn’t know that there was something I’ve never heard of.   Anyways, I can’t beleive they don’t have a netbook or the new Gaming Laptop.  Please, a WII fit, Now how did they get there too?   How did The T-Mobile G1 get number 5th in the list.  I’m surprised that the GameBoy Advanced wasn’t one to be on there, After all they sold so many this year.   Why not the Xbox 360?  It seems people can still vote but don’t expect anything to change.

Go Vote and lets make our voice heard!!

IBM think Apple is Anti-Competitive!

[ad#ad2-left]In an uprecedented lawsuit, Apple is being sued by IBM due to the fact they have signed an agree with PowerPC chip maker.    According to Engadget:

IBM has filed lawsuits both against Apple in California (a state traditionally indifferent to non-competes) and against Papermaster, PA SEMI is the name of the aquired company, in New York.

[Via Endadget]

Noting Apple’s saying “PA Semi have been competitors since 2006” meaning that they have the right to look for other sources of income.   I have the feeling this will not end anytime soon.  Some analysts are predicting that there will not make any difference either way.   I am wondering why they did this in the first The[ad#ad2-right]place.   Are they wanting to fight Apple?  Are they going to be able to do anything about it?  These are all just questions that I would like to see resolved in the next few weeks.

IBM is sueing because of an Non-compete clause.  clause stems from Mark Papermaster quiting IBM and joinin apple.  They claim that he can’t be a competitor to IBM for at least a year.  Most companies in California don’t bother with that clause because they don’t care about the clause.  Apple is saying this is bogus and notes that the lawsuit might not make it all the way to through th system.  So now only time will tell.