financiapocalypse
Business
Microsoft May Lay Off 5,000 More Employees
8:23AM Jason Chen | This follows up their 1,400 count layoff in January, which were its first ever. Maybe it can use some of that $US11 million in stimulus money to build a bridge so the poor people who got laid off can live under it. [Seattle Times] More »
Peripherals
Monster Cable Lowering Prices During Recession, Uh…Thanks?
3:20AM Sean Fallon | Monster Cable, purveyors of grossly overpriced products, feel your pain during these tough financial times. That’s why they are reducing their ridiculous prices to slightly less ridiculous prices during the recession. More »
Gadgets
Recession Economics: What Can’t You Live Without?
3:00AM Dan Nosowitz | A Pew survey back in 2006 showed what Americans felt were their necessary luxuries (car, TV, air conditioner, computer). That survey was recently re-done, and tech showed surprising strength despite the economy.
Business
Blockbuster Is On Its Deathbed
11:40PM Matt Buchanan | Blockbuster just disclosed to the SEC there is “substantial doubt” about its ability to continue breathing, since there are no assurances it can meet the conditions of a $US250 million loan that’s its current lifeline. More »
Business
IBM Prepping For Thousands Of
9:00AM Sean Fallon | IBM has begun notifying employees that layoffs or “resource actions” are coming. All in all, some 5000 employees, mostly from the Global Business Services division will be affected. [Digital Daily]
More »
IBM Prepping For Thousands Of Layoffs ‘Resource Actions’
9:00AM Sean Fallon | IBM has begun notifying employees that layoffs or “resource actions” are coming. All in all, some 5000 employees, mostly from the Global Business Services division will be affected. [Digital Daily]
More »
Business
Sony Ericsson’s US President Resigns
10:15AM Erica Ho | Najmi Jarwala, the president of Sony Ericsson U.S.’ division, announced today that he will be leaving the company. Likely in response to those terrible Sony Ericsson sales. [Sony Ericsson via Boing Boing] More »
Entertainment
Tough Economic Times Hit the Set of Terminator: The Sarah Connor Chronicles
2:00AM Jack Loftus | Even sci-fi television dramas are not immune the ill effects of the current economic climate. Take Terminator: The Sarah Connor Chronicles, for example. Eye spy an Xbox 360 wireless headset painted black. [Thanks, Alex] More »
Business
Sony Ericsson Sales Drop By Almost Half in One Quarter
11:45PM John Herrman | Sony Ericsson, the world’s 4th biggest handset maker, has reported a titanic sales decrease of almost 50% in just a few months. This is a bad thing, you see. More »
Random Stuff
To Conceptualise a Trillion Dollars, We Require Computer Visualization
9:40AM Mark Wilson | While you will never see a trillion dollars in person (nature’s way of protecting your sanity amidst the bailout), computers can do the job without breaking a sweat—or worrying about retirement. More »
Deals
