Layoffs In Technology
http://www.Guide2MarketingSuccess.com/?t=vdeo Lawren discusses the problems within the economy; in particular, the job layoffs in the technology industry. Lawren, who is currently working as a senior software engineer, shares her experiences in being downsized.
Silicon Valley is seeing pink. Hit by turmoil in the financial markets, general economic decline, and slowing sales, the tech sector is expected to follow Wall Street with its own mass layoffs.
Rumors abound that AT&T, Yahoo, and Ebay will together release thousands of workers into the unemployment pool. Those will add to the mounting figures: Earlier this year, Sun Microsystems let up to 2,500 employees go; Nortel is cutting 2,100 jobs; Hewlett-Packard will reduce staff by nearly 25,000 following its acquisition of Electronic Data Systems; and even Google got into the game with the shedding of 300 jobs at DoubleClick.
According to the San Jose Mercury News, there are around 1,417,000 people out of work in California alone. That’s up 413,000 from this time last year.
Today Alley Insider posted an anonymous tip that Yahoo! will soon be axing 3,500 jobs.
Yahoo! has been in a five-year stock slump and is down 8 percent so far today. Its third-quarter earnings come out October 21 for investors to see whether rumors of cost cutting through layoffs are warranted.
There’s also talk that eBay is planning on scaling back its workforce by 10 percent, roughly 1,500, as reported by Barron’s. The online auctioneer has been taking heat from users over its new fee structure and the strengthening U.S. dollar has slowed down sales from overseas.
No new cuts coming out of AOL, but the troubled portal did drop two popular sites–the blogging site AOL Journals and the webpage creator and hosting service AOL Hometown. Revenue for AOL has been down by a third from a year ago, as Time Warner reported in August, putting Microsoft and Yahoo in better positions to make a play for the company. But AOL’s sinking numbers aren’t so good for Google’s $1 billion stake in the company.
Duration : 0:9:15
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Congradulations for …
Congradulations for taking your life back and becoming the captian of your ship.
I lost my job 3 years before retirement so I went to work for myself from home.
My stress level is away down,my health is getting better and I can hardly get the smile off my face.
My finances are 200 % better.
NO MORE office politics,dumb rules and I get to go sailing or hiking whem the weather is nice.
The problem with …
The problem with the IT industry is that many jobs are becoming more project based. This means that you may be hired for a year, two years, or longer, but after the project is over, you have to look for another job. This is fine when you are younger, say in your 20’s or 30’s, but it becomes much more difficult to live this kind of nomad lifestyle as you get older. I have been in IT for 20 years now. I have grown tired of moving around, 5 jobs in the last 4 years. I want stability.
excellent work!
excellent work!
the IT industry has …
the IT industry has been in a bubble and it’s just burst.
this is just MLM… …
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excellent work!
excellent work!