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Nortel Files for Bankruptcy, Victim of Falling Sales (Update5)
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| Nortel Networks Corp., North America’s biggest maker of telephone equipment,
| filed for bankruptcy protection in the U.S., a victim of the global credit
| crunch and declining sales.
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http://www.bloomberg.com/apps/news?pid=20601082&sid=a8E1VQ1yRq8k&refer=canada
Huge Oracle Layoff Won't Be the Last
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| Oracle employs 84,000 people globally. An 8,000-employee layoff would amount
| to about 10% of its workforce.
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http://www.pcworld.com/article/157035/oracle_layofff.html?tk=rss_news
Apple's CEO steps down... for now... or for good. Big blow to another Linux
rival.
Microsoft might announce its layoffs tomorrow. Adios, Munchkins.
Recent:
Microsoft getting ready to lay off 17% of staff
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| The rumor that Microsoft was set to lay off people on
| January 15th, 2009 is no longer a rumor but a fact. Staff
| at Microsoft have been informed that the company is
| readying major layoffs to its worldwide operations and it's
| not a small cut, either.
|
| Currently Microsoft employs about 90,000 people across the
| world and from what we're hearing, some 15,000 of those are
| expected to be giving marching orders come January 15th.
| That's almost 17 percent of Microsoft's total work force,
| not exactly a small number.
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http://www.fudzilla.com/index.php?option=com_content&task=view&id=11142&Itemid=38
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