See this at: techcrunch.com| Added on 02/07/09

October 2008 will be remembered as the time in which the credit crunch came to a head not only for the economy as a whole but for the tech community in particular.

October 2008 will be remembered as the time in which the credit crunch came to a head not only for the economy as a whole but for the tech community in particular. See less

Highlights: Startups have begun preparing themselves for a bleak and uncertain economic future by cutting costs and focusing on efficiency. This has been achieved most obviously through layoffs, which can reduce burn rates quickly and dramatically for web companies that require little physical...

See this at: huffingtonpost.com| Added on 02/07/09

The nation lost nearly 600,000 jobs last month, the worst showing in a third of a century, as a vicious cycle of cutbacks by consumers forced ever more layoffs by beleaguered employers.

The nation lost nearly 600,000 jobs last month, the worst showing in a third of a century, as a vicious cycle of cutbacks by consumers forced ever more layoffs by beleaguered employers. See less

Highlights: The unemployment rate catapulted to 7.6 percent, the highest in 16 years, and seems headed for double digits. Some 3.6 million jobs have disappeared so far in a deepening recession, which is shaping up as the biggest job killer in the post-World War II period and is raising pressure on...

See this at: blogs.computerworld....| Added on 01/24/09

Overlooked in the Microsoft announcement about its layoffs of 5,000 people over the next 18 months is this startling revelation: The company's revenue decline is due, in large part, to the growth in the sales of netbooks. In a statement, Microsoft... See more

Overlooked in the Microsoft announcement about its layoffs of 5,000 people over the next 18 months is this startling revelation: The company's revenue decline is due, in large part, to the growth in the sales of netbooks. In a statement, Microsoft announced that because of the economic meltdown and slowing IT spending, it will lay off 5,000 people. Overall it reported a 2% increase in revenue compared to the same quarter last year. It had a total of $16.63 billion in revenue for the second quarter this year. While overall growth was 2%, Microsoft took a big hit with its client software, and a big reason for that was netbooks. Here's what the company said: Client revenue declined 8% as a result of PC market weakness and a continued shift to lower priced netbooks. That's an astonishing admission. It means that people are forgoing higher-priced laptops, and instead buying netbooks --- and many of those netbooks are powered by Linux. So Microsoft loses out not only on sales of Windows, but... See less

Highlights: It means that people are forgoing higher-priced laptops, and instead buying netbooks --- and many of those netbooks are powered by Linux. So Microsoft loses out not only on sales of Windows, but also sales of Microsoft Office as well. Estimates are that 30% of all netbooks ship with Linux....

See this at: marketwatch.com| Added on 01/24/09

According to a story in the Seattle Times citing a local investment firm, Starbucks could lay off as many as 1,000 employees, including headquarters workers, district managers and field employees.

According to a story in the Seattle Times citing a local investment firm, Starbucks could lay off as many as 1,000 employees, including headquarters workers, district managers and field employees. See less