GeekMBA360

From: Steve Ballmer Sent: Thursday, January 22, 2009 6:07 AM To: Microsoft – All Employees Subject: Realigning Resources and Reducing Costs In response to the realities of a deteriorating economy, we’re taking important steps to realign Microsoft’s business. I want to tell you about what we’re doing and why. Today we announced second quarter revenue [...]

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A reader reported that someone just got laid off by Orbitz. Does anyone have more details about the layoff? A couple of weeks ago, Orbitz named a new CEO, and announced that “it was preparing to slash as much as $25 million from its operating expenses.” For an internet travel company like Orbitz, employees are [...]

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A tip from a reader: “One of the best American UWB (Ultra Wide Band technology) companies, Pulse-Link that was located in Carlsbad, CA laid off about 35 people on September 26th, 2008 and then, finally closed the doors on December 29th, 2008. It means that at least 50 to 60 more people were lay off.” [...]

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"This is going to be all year, so it’s going to be a very frightening economy," Mayor Daley said. "Each one tells me what they’re laying off, and they’re going to double that next year. We’re talking huge numbers of permanent layoffs for people in the economy. It’s going to have a huge effect on [...]

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"I just got laid off. I’m shocked. What am i going to do now?" — i just talked to someone a couple of days ago. He was completely shocked about being laid off by a large Internet company. He asked me to practice job interview with him, but he was having a hard time to [...]

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