Tag: company

Adobe Lays off 600 people

Paul

Adobe might also hire new workers within Europe, he said. The cuts will be formally announced on Dec. 15 when the company releases its fourth-quarter financial report.

[via Infoworld]

[ad#ad2-right]This is another technology company to lay off people, there are some talks that it would be around 600 workers on some blogs. Others are just talking about the Management shakedown, and some workers are going to be moved around. I don’t know who is going to be laid off, or if there will be a tremendous amount of people who will need to start looking for a job. I do know that Adobe is looking for ways to cut cost, and I expect they are having problems just because of the Recession.  If you want to check out other jobs that have laid people off, just click this link.

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Adobe also announced the implementation of a restructuring program, and has taken steps to reduce its headcount by approximately 600 full-time positions globally. The restructuring will result in anticipated pre-tax charges totaling approximately $44 million to $50 million. The Company expects approximately $28 million to $30 million of the restructuring charges to be recorded in the fourth quarter of fiscal year 2008.

[Via Adobe Blog]

This the press release for Adobe and I wanted to share with you what they said. So it is confirmed they want to get rid of 600 people. Sad to hear, but that isn’t the only layoffs in the industry. If I find out anything else I’ll let you know!!

Some good CyberMonday Sites to look at for 2008!

Paul

I was just getting done with that story about the Walmart Stampede, and thought I would encourage people to check these good sites for people to check out for great deals.   I have been looking through sites combing for some great sites to find the best deals and here they are:

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  • Dealio — Dealio will not only show you sneak peaks at Cyber Monday ads, but we will also send you directly to the store so that you can purchase the often limited inventory Cyber Monday deals before they disappear. Best of all, there is no need to hop from site to site – Dealio has all your Cyber Monday shopping covered.

  • CyberMonday — Shop hot holiday deals from more than 500 merchants. All of Shop.org’s proceeds from CyberMonday.com support the Ray Greenly Scholarship Fund.

  • Cybermonday Mahalo Deals — This Mahalo page collects links to websites offering information and discounted merchandise for Cyber Monday.

  • Best Cyber Monday Sales –Well, I finally put together a list of the top retailers throughout the country with links directly to their Cyber Monday deals.

  • Shopzilla —  The company’s mission is to enable shoppers to quickly and easily find compare and buy anything, sold by virtually anyone, anywhere. Each month, Shopzilla connects millions of consumers with thousands of stores.

These are just a few that I could find and wanted to let people decide where they would like to go!!

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.

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!!!