GeekMBA360

Mochi Media is an advertising network and payment platform for Flash Games. It has been acquired by Shanghai-based Shanda Games for $80 million ($60 million in cash and $20 million in equity). This news caught my attention because I have been thinking lately that more US based technology companies will be acquired by Chinese companies. [...]

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Blue Cross of Minnesota: “About 1 month after 100 were laid off in the Membership and Billing IT area, 90 were given their pink slips in the Claims IT area.   Blue Cross has decided to outsource the work to Cognizant and IBM who will offshore the work to India. The layoffs took place in the [...]

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People laughs when I tell them I grew up in the hood. I guess I don’t look, sound, or act like someone who grew up in the hood. But, I really did. For one year. Probably the most important year in my life. It was almost twenty years ago. My family just immigrated to the [...]

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Autotrader.com in Atlanta, GA lays off 220 today – reported by a fellow reader from his iPhone. Thanks! If you’re a fellow autotrader.com employee who is visiting this site for the first time, below are some helpful articles: Seven things you should do immediately after layoff Are you laid off? — A 5-day Personal Boot [...]

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A decade ago while I was a college senior, I read Michael Lewis’s Liar’s Poker: Rising Through the Wreckage on Wall Street . It made me realize that I didn’t want to work in investment banking while many of my classmates were fighting for banking jobs. His next book, Moneyball: The Art of Winning an [...]

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Lately I start to hear from fellow readers about unannounced layoffs. Here are a couple of examples: Juniper Networks quietly started laying people off in January.  Most of the layoffs the reader knew about were in Engineering and IT, and a large number of them were in management roles. Amazon.com had also laid off employees [...]

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Oracle announced this morning that it is buying Sun Microsystems in a deal valued approximately $7.4 billion. I’d like to offer a few quick thoughts: This is a brilliant strategic move by Larry Ellison, a master of acquiring enterprise technology companies. Oracle’s bread-and-butter is database. Its single biggest threat is the open source MySql database. [...]

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GeekMBA360.com Depression 2.0 Layoff Tracker and Layoff Satisfaction Survey have been two of the most popular features on this site. In the past few days, I’ve been hearing from folks who were “re-org” out of Amazon.com. This is not warehouse jobs. Those are folks who work in software development, product management, etc. at Amazon.com headquarter [...]

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This coming Tuesday, March 10th, 2009, over 1600 FedEx store locations will print up to 25 copies of your resume FOR FREE! In a statement, FedEx Office CEO Brian Philips said, "We understand that the economy has affected many people in a very profound way, and we want to help. Printing resumes is one small [...]

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