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]
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.
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.
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.
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]
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]
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]
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.
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.
Apparently being a Google employee doesn’t insulate you from the economy, which is why some of them set up a “Tip Jar” site in order to swap ways of being cheap.
