recessions
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
Apple Removes
8:31PM John Herrman | Apple’s financials looked pretty spectacular this quarter, with a total profit in excess of $US1.2 billion despite the gruesome economy. They also exceeded expectations for iPod and iPhone sales, laptop sales, and layoffs. Wait, what?
More »
Apple Removes Baby Shaking App 1600 Employees From App Store Actual Stores
8:31PM John Herrman | Apple’s financials looked pretty spectacular this quarter, with a total profit in excess of $US1.2 billion despite the gruesome economy. They also exceeded expectations for iPod and iPhone sales, laptop sales, and layoffs. Wait, what?
More »
Online
How Broke Would You Have to Be to Revert Back to Dial-Up?
8:00AM Gizmodo US Edition | In an effort to cut costs wherever possible, some consumers are going back to the cheaper, crappier-in-every-way dial-up we all cast aside years ago. This recession has just gotten serious. More »
Business
Microsoft Firees Can Keep All Their Severance Pay
11:26AM Wilson Rothman | Microsoft watcher Ina Fried reports that the company won’t be taking back severance “overpayments”, even though it confirmed it did ask for them initially. The truth is, despite numbers reported in the thousands, only 25 people were overpaid, somewhere between $US4000 and $US5000, according to Microsoft HR head Lisa Brummel, who said about 20 more of those laid off were actually underpaid. Microsoft isn’t the only company to ever pay anyone too much then ask for it back, but Brummel says these were extraordinary circumstances, so they’re reversing their decision. Those who were underpaid will be getting the correct funds pronto. [CNet] More »
Business
Microsoft Cuts 1,400 Employees And Then Asks For Severance Package Refunds
3:43AM Jack Loftus | What’s the best way to create an HR firestorm in three easy steps? If you’re Microsoft, layoff 1,400 employees, give them severance on the way out, and then ask for part of it back. More »
Business
HP Implements Pay Cut for 100k Employees
8:55AM Gizmodo US Edition | HP will begin instituting a pay cut to its 100,000 employees, with some as high as 20 percent. (HP’s CEO Mark Hurd will be taking the max cut.) HP also plans to cut back other employee benefits such as 401k plans. [WebGuild] More »
Design
Tough Times Belt Puncher: Try the Recession Diet
2:00AM Sean Fallon | Taken literally, the idiom “tighten you belt” means it’s time to cut back on your strict bacon diet in lean economic times. A recession diet calls for sacrifice—and this belt puncher can help. More »
Business
Sony’s 4th Quarter Profits Down a Whopping 95 Percent
6:00AM Adam Frucci | In a time when we’re hearing bad news coming from basically every company out there, Sony’s 4th quarter numbers are a notch below the rest: a 95% drop in profits. More »
Business
