“Bloomberg, which acquired Business Week last month, announced this week that they were looking to layoff 100 positions or 25% of its staff. Judging from Twitter it looks like the layoffs took place today”
(Source: Bloomberg Axe Falls At Business Week, Jon Fine Out | Online | Mediaite)

“AOL staff has confirmed that the company is set to lay off thousands more employees in the coming months, following the announcement of the launch of a voluntary layoff program.
Tricia Primrose, vice president of AOL’s Corporate Communications, said AOL employees were informed of the move Thursday and the company will ask for 2,500 employees to [...]

“We’ve confirmed with Adobe that the company is cutting 9 percent of its workforce, or 680 employees. Adobe filed an 8-K with the SEC today reporting the layoffs. Earlier today we heard multiple reports that layoffs were taking place at Adobe. There are also Tweets about the layoffs on Twitter. Last December, Adobe laid off [...]

“Tis the season to rush up layoffs so they don’t fall in the sacrosanct Thanksgiving-to-Christmas period: An AOL insider tells us the company is slated to let go around 100 people tomorrow, following 1,500 firings Electronic Arts announced today.”
(Source: AOL Layoffs Tomorrow to Kick Off Depressing Holiday Season? – AOL – Gawker)

“Large-scale layoffs have been hitting everywhere in the past year, and Electronic Arts is now no different: according to Gamasutra, the game publisher announced today that it will lay off 1,500 workers by April 2010, after posting a year-to-year decrease in revenue and a net loss of $391 million.
About 1,300 of the freshly unemployed individuals [...]

“It’s been a helluva couple years for Sprint — new networks, new platforms, and new acquisitions have all been intermixed with a drawn-out recovery effort that’s undoubtedly weighed heavy on the hearts and minds of staff at the company’s dual headquarters in Kansas and Virginia. With more (albeit slower) subscriber losses in its most recent [...]

“Microsoft is cutting another 800 jobs worldwide as it attempts to cope with falling demand for its products. … Earlier this year Microsoft chief executive Steve Ballmer said the company would be cutting ‘up to’ 5,000 positions, although [this] takes the company beyond that initial figure.
…
The move comes shortly after the company reported falling profits [...]

“CIT Group, a major lender to small and mid-size businesses, filed for bankruptcy protection Sunday afternoon, a process that almost certainly will wipe out the federal government’s $2.3 billion investment in the company.
CIT is the first firm bailed out by the government to subsequently fail.
The 101-year-old firm said it hoped to significantly reduce its debt [...]