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Archive for January, 2009

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Jan
26/09
Sprint for the door
Last Updated on Monday, 26 January 2009 10:05
Written by admin
Monday, January 26th, 2009

Sprint’s just announced that they’ll be saying goodbye to 8,000 of their workers during the first quarter of 2009. This workforce reduction is partly because “Sprint has seen a notable reduction in calls per subscriber to customer care and increased customer satisfaction resulting from customer service improvements.” Of course I guess this reduction in customer service could also be related to the pretty consistent shedding of subscribers during 2007 and 2008. The less subscribers the less calls to complain. Maybe that’s what Sprint meant in the press release? Fourth quarter 2008 earnings are due out Thursday February 19. [GearDiary]

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Jan
24/09
More layoffs expected at Starbucks
Last Updated on Saturday, 24 January 2009 09:54
Written by admin
Saturday, January 24th, 2009

Another big round of layoffs is expected at Starbucks, possibly 1,000 people — a third of its headquarters employees — and some district managers and field employees, according to an e-mail sent to a stock brokerage’s customers Friday.

“The cuts might be next week or in February,” wrote Diane Daggatt, a managing director at McAdams Wright Ragen in Seattle. (Seattle Times)

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Jan
23/09
Digg down and out? Layoffs and future prospects look grim.
Last Updated on Friday, 23 January 2009 02:01
Written by admin
Friday, January 23rd, 2009

Owen Thomas at Valleywag has some edgy but accurate analysis of Digg’s recent layoff announcement. We’d have to agree that Digg is quickly losing relevancy in the Web 2.0 world. While we were once addicted to Digg, we’ve now removed Digg front page items from our RSS feed. Too much noise, too many top ten lists, and constant stream of digital blue ball invoking almost provocative content to be bothered with it. Breaking news that one used to mine from Digg can now be garnered more efficiently through sites like Twitter and Friendfeed.

What is your assessment of Digg? A site who’s glory days are behind them or still the diamond of the web 2.0 world?

Digg, the raucous online news-rating site, has laid off 8 people from its 75-person workforce. CEO Jay Adelson writes that the company will “aggressively focus on reaching profitability within the year.” There’s no way.

Digg, as of last fall, was losing money at the rate of $5 million a year. Its payroll has grown since then; cutting 8 people is unlikely to save it much more than $800,000 a year. At best, the layoff might get Digg back to its 2008 pace of losses. (ValleyWag)

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Jan
21/09
Big boy blues
Last Updated on Wednesday, 21 January 2009 08:28
Written by admin
Wednesday, January 21st, 2009

IMB Cuts

Intel closures

That, Mr. Gates, is the sound of inevitability.

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Jan
21/09
Ericsson slashes 5,000 jobs, blames Sony partnership
Last Updated on Wednesday, 21 January 2009 07:05
Written by admin
Wednesday, January 21st, 2009

With profits tumbling 31%, Ericsson just announced its intent to shed 5,000 jobs across the globe (1,000 in Stockholm). The loss resulting from a “dramatic drop” in contributions from its Sony Ericsson joint venture. The 5k figure represents about 6% of Ericsson’s 79,000 employees. (Engadget)

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