Their prospects are looking like the Mac OS X version of Quickbooks:
Under the new alignment, Intuit will streamline operations, particularly in its general and administrative functions, and reallocate those resources to invest in key growth businesses and accelerate innovation. As a result the company will eliminate approximately 575 positions, or about 7 percent of its [...]
Where are the excessive parties and Herman Miller chairs?
If oil were to reach $150 a barrel, it would bring the market capitalization of oil and gas equity in the S&P 500 U.S. stock market index to more than 25 percent, exceeding the valuation of technology stocks at the peak of the Dotcom bubble, Deutsche Bank [...]
145 positions terminated at Citigroup [Jacksonville.com]
A few hundred from Washington Mutual as well [BizJournals.com]
Speculation about this plant closing has been in the local papers for a decade. One time, they’ll get it right.
IBM is thriving, except for the division that includes Vermont’s microelectronics plant.
Revenues and profits have increased substantially, and IBM’s stock is trading near its 52-week high of $130 a share. But the computer giant’s Systems and [...]
Not a business model…
Young man’s video site Heavy will lay off nearly a quarter of its staff — 25 out of 105 workers (Valleywag)
The tragedy…
On a spring afternoon, a half-dozen hairstylists to the very wealthy talked about how customers are stretching their $350 highlights and $150 haircuts to every eight weeks instead of six weeks. Some women are cutting out highlights entirely, saying they would “rather be brunettes.” (NY Times)
Classic Internet response here
