Ticking News

Many employees believe its only a matter of time. [1]

By law, Google is required to report layoffs publicly and with the SEC however, Google has managed to get around the legal requirement. [2]

Google reports to the SEC that it has 20,123 employees but in reality it has 30,000. [3]

The reorg comes as AT&T tries to adjust to the realities of the credit crunch, a diminishing access line and DSL business, and increased headcount caused by two large mergers in the last three years. [1]

Since August, hundreds of employees have been laid off and there are reports that about 500 of them were recruiters for Google. [2]

Customer DisService Amazon.com Heavy.com comscore Brightcove Metacafe Bebo Slide Revver Glam Media GE europe DailyMotion Conde Nast Answers.com Twitter techcrunch Nokia Last.fm Gawker Media Asia Allen & Company Wallstrip tubemogul TechMeme Salesforce.com Right Media Marketing to Men Mahalo Limelight Networks GoFish ABC TheFunded Space Ross Levinsohn Powerset Mozilla Feedburner Break Blip.tv Blinkx Adobe velocity interactive group Valueclick StumbleUpon Russia Publishers Morgan Stanley Marchex Kijiji Jon Miller Handheld Ent. [3]

AT&T’s move to reorganize itself into four business units is likely a precursor to layoffs, according to sources within the company who asked not to be named. [...] Ralph de la Vega, currently the CEO of AT&T’s wireless business, will head up the consumer business, which will contain wireless, broadband and video services. [...] GigaOM is citing sources “inside the company” that AT&T’s upcoming reorganization is in preparation for a round of firings. [1]

There is no question the economic downturn is hitting Google hard and with the slowdown in online advertising, their troubles are just beginning. [2]

Guba fred wilson Flickr Demand Media Dell Cisco Blue Lithium Bear Stearns About.com 24/7 Realmedia Yume Vidavee UGO Tremor Networks Six Apart ScanScout Rupert Murdoch RockYou Radio Plaxo Paypal Parakey om malik Marketing to Women mark zuckerberg Looksmart jim breyer InfoSpace Greylock Gorilla Nation Media FederatedMedia Discovery Comcast CDN Business.com Brad Greenspan Akamai accel partners Tribune technology Spotrunner Sony Skype Scripps Richard Rosenblatt RH Donnelly Publicis PlanetOut.com Pearson Nielsen NetRatings Newsvine netscape Miva Michael Eisner michael arrington meritech Mania TV Mamma.com Kleiner Perkins JP Morgan Chase iVillage Hi Media Henry Blodget GigaOm Forbes Business Week Broadband Ent. [3]

The reorganization will better align the company as it competes against the cable carriers. [1]

Bolt.com Blackstone YCombinator X.com Wikia Vuze VentureHacks valleywag UMG Turner Truveo Tribal Fusion TidalTV TheStreet.com Technorati Tacoda Sumner Redstone Specific Media spark capital Sling SAP Rodale Reuters Reed Elsevier Quigo pump Podzinger peter thiel Paul Graham PantherExpress PaidContent ning Nick Denton newteevee News Corp. Lawsuit MySQL Merrill Lynch Meebo maxim Max Levchin Mary Meeker marc andreessen Local.com lexico kenneth bronfin Imeem Helio France Founders Fund Fast Company eMarketer economy dictionary.com crackle connectu.com Confinity com ventures Citigroup Canaan browser wars Brightroll Benchmark BBC barack obama Bain Capital Babelgum Azureus ATT Alexa Zoho Zhanzuo zantaz Yammer xobni Xiti Wordpress Wizzard Media WiTV winamp WebMD weblogs inc. [...] Internet & Web Management Video Uncategorized Online Advertising M&A Social Networking Startups Financing Search Wars Stat of the Day Investing Legal Matters Google Rumors Yahoo! Microsoft Entrepreneurship News Corp./FIM YouTube TV Networks Software Wireless Blogs Digital Music Facebook.com WatchMojo.com Hardware Gadgets & Accessories Technologists Newspapers Business Lifestyle Magazines MySpace Mojo Supreme NBC TW AOL Piracy IPOs CBS eCommerce Viacom Open Source Apple Valuation Models Video Games Digg Context is King Joost DJ/WSJ Disney CNET IAC Hulu eBay Veoh NYT Private Equity IGN DoubleClick Sequoia Craigslist.org China Ask.com WPP LinkedIn Crazy Photobucket MetaMojo.com Video Egg Hearst Wikipedia Classifieds aQuantive Interviews Goldman Sachs Email Satellite Radio RSS P2P Lehman Bros. [3]

One of them is by moving workers from job to job every few months so that their status remains temporary. [2]

Sources:
[1] AT&T Reorg Could Be the First Step Toward Layoffs - GigaOM (gigaom.com/2008/…/att-reorg-could-be-the-first-step-toward-layoffs)
[2] Google Layoffs - 10,000 Workers Affected (www.webguild.org/2008/11/google-layoffs-10000-workers-affected.php)
[3] HipMojo.com ” Google Layoffs: How to Reverse a 55% Stock Decline (watchmojo.com/web/…/google-layoffs-how-to-reverse-a-55-stock-decline)

This entry was posted on Thursday, December 4th, 2008 at 9:00 am and is filed under Uncategorized. You can leave a response, or trackback from your own site.