The US magazine Forbes is planning to layoff several staff from the editorial and business sides, as a cost-cutting measures in response to decreasing advertising revenue, says a media report.Attributing to an internal memorandum sent on Monday by Forbes' Chief Executive Steve Forbes, The New York Times said: "We and the entire media world have been hit hard by both the severe recession and the seismic...
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visitMicrosoft Corp. announced 800 layoffs Wednesday, expanding the scale of a cost-reduction program it announced at the beginning of the year.Redmond, Wash.-based Microsoft said in January that it planned to eliminate 5,000 jobs by 2010 but has now expanded the program by 800 jobs, a spokesman said. The most recent cuts are expected to bring to a close the first major round of layoffs in the company's...
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code.AOL, which will be spun off from parent company Time Warner next month, wants to cut its staff by about a third, and is giving employees a chance to volunteer to join the ranks of the unemployed.AOL has announced a "voluntary layoff program" that will run between Dec. 4 and Dec. 11 and that seeks up to 2,500 employees willing to resign. The company's current headcount is about 6,900."We will need...
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Microsoft cuts 800 more jobs for total of 5,800 layoffs this year, but adds 2,000 positionsMicrosoft Corp. says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January.Lou Gellos, a Microsoft spokesman, said Wednesday the cuts are being made in offices around the globe. He would not say what specific product groups or job types are affected.Gellos also says Microsoft...
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will be laying off about 2,500 employees in a bid to cut annual costs by 300 million dollars.This step comes as part of the web company's planned spin-off from Time Warner Inc to become an independent company focused primarily on advertiser-supported content.Revealing its plans to axe one-third of its workforce, AOL on Thursday, Nov 19 said that it has called for volunteers.However, if enough volunteers...
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While some media organisations are downsizing, Cable News Network is still in expansion mode.This one-liner did not come from a teacher telling a bunch of unruly kids to behave, neither was it uttered at a farmers’ market.The quip came from Jim Walton, president of CNN Worldwide before a gathering of IT writers and editors at the posh Time Warner Centre (TWC) in Columbus Circle, Manhattan last week.So...
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Birla Corp, the flagship company of the M.P. Birla group, has informed stock exchanges that a "layoff" would take place at its vinoleum division from Tuesday."Birla Corporation Ltd has informed BSE (Bombay Stock Exchange) that a layoff has been declared with effect from November 17, 2009 at the company's unit, Birla Vinoleum, Birlapur on account of lack of demand of the product," it said in a statement.Birla...
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Mass. governor announces job cuts to close $600M budget gap, spares local aid and educationGov. Deval Patrick said he plans to close Massachusetts' $600 million budget gap with a blend of cuts in state services and programs and up to 2,000 job cuts but none of the local aid and few of the school funding reductions many cities and towns warned would decimate local education and public safety.In a somber...
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Microsoft says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January.Lou Gellos, a Microsoft spokesman, said the cuts are being made in offices around the globe. He would not say what specific product groups or job types are affected.Gellos also says Microsoft had already let nearly all of the 5,000 go, in what was the company's first-ever widespread layoffs.Microsoft...
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Birla Corp, the flagship company of the M.P. Birla group, has informed stock exchanges that a "layoff" would take place at its vinoleum division from Tuesday."Birla Corporation Ltd has informed BSE (Bombay Stock Exchange) that a layoff has been declared with effect from November 17, 2009 at the company's unit, Birla Vinoleum, Birlapur on account of lack of demand of the product," it said in a statement.Birla...
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