layoffs 12

While there are enough layoffs, CEOs aren’t taking enough pay cuts.

DotComDoom.com – about the demise of dot-coms. News links.

When the boom was on, America’s flexible labour laws made it a haven. With the slowdown, American layoffs are faster. Flexible labour laws come with the penalty of volatility.

Fucked company reports that X-Drive.com is likely to lay off people. Given their accuracy, I’d recommend anyone having files on X-Drive make backups in the near future.

With all these people getting fired, TheStandard has come out with an ex-Exec tracker. Brilliant!

I did some quick layoff calculations. It appears that Layoffs have been increasing over time The dominant reason for layoffs is cost-cutting E-Commerce companies have laid off the most If the NASDAQ or S&P 500 fall, layoffs increase If the Dow Jones falls, layoffs fall !

Amazon is handing out stock options to laid off employees. That’s a good one!

More layoffs: AT&T, News Corp, Gateway and Motorola. But the find of the day is TheStandard’s layoff tracker.

Recession. Daimler Chrysler slashes 26,000 jobs. Disney cuts 400. Amazon may have cut 20%. It isn’t nice (1 2). But dot-coms might still do well, since software, labour and real-estate costs will start falling?

Recession? GM shuts 14 plants. Boeing: 1 plant. AMC: 548 theatres. WorldCom lays of 10-15%. HP: 2%. Delphi & Visteon: 10,300. Lucent: 10,000. Sara Lee: 7,000. JC Penney: 5,000. AOL: 2,000.

Salon’s article explains how silly people can get when firing employees.

Didn’t know dot-coms had unions. Amazon does. A reaction to the layoffs in dot-coms?