“Verizon Communications said it is facing a slower-than-expected economic recovery and plans to cut 6 percent of its workforce, adding that it forecasts only a modest rebound in late 2010.
After reporting fourth-quarter results that were in line with Wall Street’s expectations, Verizon said weak corporate spending hurt its traditional fixed-line business, offsetting subscriber growth at [...]

“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)

“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 [...]

“Earlier today Sun Microsystems announced that it would be cutting 3,000 members of its workforce, less than a year after the company announced plans to lay off up to 6,000 of its employees. Sun blamed the latest wave of layoffs on delays involved in Oracle’s acquisition of the company, which was annouced last April but [...]

“Mayor Dave Bing has threatened that an additional 1,000 city workers will lose their jobs starting Saturday, but as of late Wednesday, his spokesman said hard numbers on how many people would be affected and in which departments were unavailable because of ‘variables’ that are part of the layoff plan.
‘There are a number of variables [...]

“ConAgra announced last week in a meeting with its employees it would cut nearly 300 positions at the Garner location as a direct result from the June 9 explosion on Jones Sausage Road. The cuts are set to come in mid-November and would be based on seniority.
While the company has been paying all employees for [...]