“Verizon Communications said it is facing a slower-than-expected economic recovery and plans to cut 6 percent of its workforce, adding that it forecasts only a modest rebound in late 2010.
After reporting fourth-quarter results that were in line with Wall Street’s expectations, Verizon said weak corporate spending hurt its traditional fixed-line business, offsetting subscriber growth at Verizon Wireless. Shares fell 2 percent.”
(Verizon to cut 6 percent of its workforce – Earnings- msnbc.com)
“Welcome back to history–the really scary kind with more gangs than laws. If you do not like it, you might blame the Internet.”
The cost of a data breach increased last year to $204 per compromised customer record, according to the Ponemon Institute’s annual study. The average total cost of a data breach rose from $6.65 million in 2008 to $6.75 million in 2009. “
(Data breach costs top $200 per customer record – Network World)
“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.)
“Check out DJ Earworm’s mash up of all the pop hits we have heard this year in 2009! Soo awesome.”