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Thread: Recession

  1. #31
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    Quote Originally Posted by Mr.Bill View Post
    Anyone here or read Google is laying off people now and closing down there engineering department in Texas? Guess this is worse then I thought when Google is laying off. Not sure if its directly related but heard about it on the news radio this morning.
    It looks like the 100 people are all recruiters.
    Google Laying Off 100 People, Closing Three Offices
    Thursday , January 15, 2009

    Google Inc. is closing three engineering offices and cutting 100 recruiters from its work force as the recession dampens hiring at the Internet search company. "Given the state of the economy, we recognized that we needed fewer people focused on hiring," Laszlo Bock, a Google vice president, wrote in a blog posting late Wednesday announcing the layoffs.

    In a separate post, Google said it would close its engineering offices in Austin, Texas, Trondheim, Norway and Lulea, Sweden, a step the company said would affect 70 workers.

    "Our strong desire is to keep as many of these 70 engineering employees at Google as possible," wrote Google's vice president for engineering and research, Alan Eustace.

    "Our long-term goal is not to trim the number of people we have working on engineering projects or reduce our global presence, but create a smaller number of more effective engineering sites," he added.

    The cuts follow news last week of a government filing from Google showing a significant cutback in temporary employees aimed at trimming costs.

    The company acknowledged in November that it would be looking to reduce contract workers while retaining full-time employees. Google hasn't said how many positions it plans to eliminate.

    The layoffs announced Wednesday represent only a small portion of Google's global work force — less than 1 percent of the 20,100 total. But the move is a rare blemish on the company's worker-friendly reputation.

    As consumers shop less online and advertising budgets shrink, Google's ad revenue has been growing at a slower pace, leading the company to cut back on some of its famous employee perks.

    While giving no sign that it will limit research and development or acquisitions, Google has closed some of its free cafeterias. And instead of its customary $1,000 holiday gift, the company handed out $400 cell phones to workers last month.

    Google shares fell $10.85, or about 3.6 percent, to $290.12 in morning trading Thursday.
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  2. #32
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  3. #33
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    Quote Originally Posted by elishevadpw View Post
    Check this out... Life threatening recession going on here:
    Robert Mugabe's socialist regime has managed Zimbabwe's economy so badly that the average lifespan in the country has fallen from 67 to 37 years.

    Everyone living in a democracy should think about that before they vote another socialist into office.

    Of course, not everyone agrees with me. Andrew Young, Jimmy Carter's ambassador to the United Nations, had this to say about the mad Marxist of Zimbabwe: "I find that I am fascinated by his intelligence, by his dedication. The only thing that frustrates me about Robert Mugabe is that he is so damned incorruptible."
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  4. #34
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    Circuit City 2nd largest electronic franchise is closing all its stores in the US, 30,000+ employees will lose their jobs. Guess if you have the money time to take advantage of the liquidation sales.

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    Circuit City couldn't find a buyer or a financier to help them keep going. This means that the "smart money" is not willing to invest in the retail consumer electronics sector.

    This may have more to do with the success of retail over the Internet than with an overall decline in the economy. Amazon has been a better place to shop than Circuit City for several years now.

    Amazon also benefits more than local retailers from the falling shipping costs that will result from the recent drop in fuel costs.

    Progress doesn't make everyone happy.

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    Quote Originally Posted by Mr.Bill View Post
    Circuit City 2nd largest electronic franchise is closing all its stores in the US, 30,000+ employees will lose their jobs. Guess if you have the money time to take advantage of the liquidation sales.
    There is another part of Circuit city here in Canada called The Source by CircuitCity. I was curious if they were closing but are unaffected by this.

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    Quote Originally Posted by dollar View Post
    Politicians! F%#king boneheads, you seriously have to think they should all be put up against a wall and get a new breed in to sort out the mess.

  9. #39
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    My grandmother could balance her own checkbook, but the State of California can't manage the same task.
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  10. #40
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    Quote Originally Posted by dollar View Post
    Here is something I just picked up,
    Freaking amazing so on top of all the foreclosures in California how many single parents and elderly are going to be evicted if they can make there rent payments for 1-2 months? Then the food programs wont be fund either that credit the welfare gives to them wont have any money on it either.

    In the Union Tribune (San Diego paper) said it will also effect SSI recipients and they are hoping the government will cover those payments.

    Still don't understand how this wasn't caught 3-4 months ago. Then the state just passed 3-0 to pay 600 million in back construction bills but not send the money to people who will need it to survive.

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