Remember Lycos? It was once an unavoidable name on par with the Facebooks and the Twitters of the current world, but things change fast on the Internet. Its European arm, Lycos Europe, is shutting down after being unable to return to the path of profitability and/or find a buyer.
The company, consisting of a web portal [...]
Regardless of however you spin it, if you are firing 20 percent of your work force and have no real business model to speak of, you are in trouble. That certainly is true of Fring, an Israeli Mobile VoIP startup, which has cut 10 of its 50 employees. CEO Avi Shechter told TechCrunch that his [...]
Google has been quietly laying off staff and up to 10,000 jobs could be on the chopping block according to sources. Since August, hundreds of employees have been laid off and there are reports that about 500 of them were recruiters for Google. (WebGuild)
Barclays Capital, the investment banking arm of U.K. bank Barclays PLC (BCS), plans to make around 50 people redundant in its European leveraged finance, loans and sales divisions, a person familiar with the matter said Friday. (CNN)
Simply put, the IT spending projections for 1st Quarter 2009 are abysmal - the worst ever for a ChangeWave survey dating back to 2001. An unprecedented 45% of respondents say their company’s IT spending will decrease (or there will be no spending at all) in the 1st Quarter - 16-pts worse than our previous survey. [...]
Bay Area layoffs in the year ahead will increase. Four out of 10 CEO’s surveyed by the Bay Area Council say they plan to trim staff and technology companies in Silicon Valley are not immune.
Silicon Valley joins retailers and many other businesses in an economic downturn that shows no signs of a turnaround. However, the [...]
The Weather Channel, which NBC Universal bought in September, has laid off some of its staff. It is unclear how many people were cut or whether they are receiving a severance package. (AJC)
The Associated Press plans to cut up to 10 percent of its workforce in 2009, according to sources at the news service, as it copes with tough financial times and ailing member newspapers.
The AP has one of the world’s largest news-gathering teams, employing about 3,000 journalists, and a total of about 4,100 people worldwide. The [...]
Akamai Technologies Inc. said Wednesday it was shedding 110 workers, or about 7 percent of its workforce. (BizJournals)
IntelliCare Inc., a telemedicine company in South Portland, which was once considered a rising tech company, will close by the end of February.
IntelliCare, which is owned by Medco Health Solutions of New Jersey, will eliminate most of its 250 jobs, retaining only 35 to 50 people to work remotely for Medco, according to the Portland [...]
