Entries for October, 2008

Freescale freefalling

Freescale Semiconductor said it would trim about 10 percent of its workforce after charges dragged the company to a $3.37 billion loss in the third quarter. (EETimes)

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Nice Spin

Arnold Worldwide to lay off fewer than 50 people.  (Boston.com)

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Symantec miss likely to lead to dismiss

Symantec earnings are off.  Layoffs to come.  (Forbes)

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Rapid Fire RIFS

CVS lays of 800 (Mercury News)
Inform Technologies down by 20 (Clickz)
YRC discards 3,750 (TrafficWorld)

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Sonic Boom!

Media software maker Sonic Solutions plans to lay off about 100 people, hoping to save about $14 million a year. (BizJournals)

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Google comforts while Adsense revenues decline

Adsense account holders received a comforting email from Google today.  Wish we could squeeze more pennies out of the 300 site visitors ValleyWag sent us…
We understand that the recent economic turmoil has created a lot of uncertainty in the lives of AdSense publishers. During these difficult times, we’re continuing to invest in innovations that improve [...]

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Everyone is writing clever titles now…

The New York Observer notes that Conde Naste is suffering from “Empty Naste Syndrome”….cute.
The Observer has learned that all Condé Nast publishers and editors have been told they have to cut their staffs by 5 percent and their budgets by 5 percent within weeks, according to five Condé Nast sources.
It will affect every title, including [...]

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American Express Says Goodbye to 7000

In a stark acknowledgment of the tough times ahead in the credit card industry, American Express Co. said Thursday that it plans to cut 7,000 jobs, or about 10 percent of its worldwide work force, in an effort to slash costs by $1.8 billion in 2009.The New York-based credit card issuer—which has reported four straight [...]

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Reporting from the future

CoStar has put together a list of planned layoffs.  Tough holiday season for some.

Actel Corp. at 2061 Stierlin Court in Mountain View is undertaking a 10% reduction in its workforce. Approximately 60 positions are being eliminated.
Activision Blizzard is laying off 6 employees on Nov. 7 at 4247 S. Minnewana Ave. in Fresno and 20 employees [...]

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A different kind of Tech Crunch

Compuware one of many companies to get burned by Q408 and Q109 decreased in tech spending
Detroit-based Compuware Corp. is laying off 300 employees as it prepares for slower information technology spending by its customers. (Full Story)

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