Tag: company

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

Paul

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.

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]

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

Paul

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?

Microsoft reveals “Microsoft Azure”

Paul

Windows Azure is part of a set of new and existing technologies behind the Azure Services Platform, a development and execution platform that runs end-user and corporate software on Microsoft’s own servers, accessible over the web. It joins Google’s App Engine and Amazon’s EC2 in an increasingly competitive market.

[Via ZDnet]

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Although,  There isn’t much more they have said I am quite curious how they will interegrate this into the cloud computing.  According to Microsoft, it won’t run on the company server but  Microsoft Datacenter.  Now this I can see is a big security problem.   Because most companies use what they call an Intranet and not the internet.  So that leaves questions on if companies are going to use this system or not.   Are you ready to let your information float somewhere over the inernet tht is SENSITIVE and CONFIDENTIAL?   These are the questions that Microsoft will have to Answer, before any company will use this on there systems.