Archive for the ‘Screwdd’ Category

“AOL will begin a much-anticipated mass layoff round today, the head of HR wrote to staff. Fired workers — an estimated 1,400 of them — will largely be leaving on Wednesday. Then the internet conglomerate can hire in India. AOL is planing to expand its technical staff in South Asia, according to briefings within the company earlier this month. But first the company, in the midst of a major restructuring under CEO Tim Armstrong, must make major cuts stateside. By spreading the cuts among AOL’s offices, the company will avoid having to give costly, lengthy firing notices under the federal Worker Adjustment and Retraining Notification act. Let’s hear it for the bottom line.”

(Source: Memo: AOL Says Nuclear Layoffs Begin Today – AOL – Gawker.)

“Bloomberg, which acquired Business Week last month, announced this week that they were looking to layoff 100 positions or 25% of its staff. Judging from Twitter it looks like the layoffs took place today”

(Source: Bloomberg Axe Falls At Business Week, Jon Fine Out | Online | Mediaite)

“We’ve confirmed with Adobe that the company is cutting 9 percent of its workforce, or 680 employees. Adobe filed an 8-K with the SEC today reporting the layoffs. Earlier today we heard multiple reports that layoffs were taking place at Adobe. There are also Tweets about the layoffs on Twitter. Last December, Adobe laid off 600 workers (or 8 percent of its staff) due to the recession. “

(Confirmed: Adobe To Cut 9 Percent Of Workforce)