Filed under: Software
TechCrunch, among other news outlets, reports that Adobe is cutting 680 employees as part of a restructuring plan. This is roughly 9 percent of the company’s workforce. The news comes on the heels of Electronic Arts’ decision to layoff 1,500 workers and a reduction of 600 from Adobe back in December. Adobe had purchased Omniture in September and reduced its workforce by 9 percent at that time.
The cost of restructuring for Adobe will total between $65 and $71 million, the TechCrunch article says.
The layoffs come just after Adobe announced that Flash Professional CS5 will be able to turn Flash projects into iPhone apps. The company has also recently released a version of its Photoshop.com Mobile app for the iPhone [iTunes link].
TUAWAdobe layoffs strike home, 680 to lose jobs originally appeared on The Unofficial Apple Weblog (TUAW) on Tue, 10 Nov 2009 23:30:00 EST. Please see our terms for use of feeds.
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Forbes magazine said on Monday that it planned to lay off several staff members from the editorial and business sides, a cost-cutting move in response to decreasing advertising revenue.
The announcement was made in an internal memorandum sent Monday afternoon by Steve Forbes, the company’s chief executive and editor in chief of the magazine.
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AP – The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs eased a bit amid a fledgling economic recovery.
Filed under: Car Buying, Etc., Government/Legal, Hirings/Firings/Layoffs, Videos
Since government money washed in to pump out General Motors’ and Chrysler’s swamped and nearly sunken businesses, there’s been little mention of the cuts to the dealer base that both automakers have made as part of their rebirth. Tammy Darvish, whose DarCars Automotive Group lost two Chrysler outlets, has started a YouTube channel that encourages terminated dealers to send in videos telling their stories.
Co-chair of the Committee to Restore Dealer Rights, Darvish feels that the dealers’ stories have largely been ignored. Many of the videos tell tales of long family histories in the dealership business, and all have an air of incredulity about how their American Dreams could be snatched away. These personal accounts may not return any franchises to operation, but at the very least, the effort is cathartic and airs the plight of the many hardworking employees that found work at the now-closed stores. An example of the numerous videos on the channel posted after the jump.
[Sources: Automotive News - sub req; YouTube]
Continue reading REPORT: Rejected GM, Chrysler dealers telling their story on YouTube [w/VIDEO]
REPORT: Rejected GM, Chrysler dealers telling their story on YouTube [w/VIDEO] originally appeared on Autoblog on Wed, 30 Sep 2009 10:59:00 EST. Please see our terms for use of feeds.
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AP – The number of newly laid-off workers filing claims for jobless benefits dropped last week, and the number of people remaining on the rolls also fell, evidence that layoffs have eased.
AP – Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months.
AP – The number of newly-laid off workers seeking unemployment insurance fell last week, the government said Thursday, fresh evidence that layoffs are easing.
Filed under: Government/Legal, Plants/Manufacturing, UAW/Unions
Earlier this year, when Ssangyong was allowed to continue as a going concern, the company had to let go of around 900 workers. Those workers (above) then effectively said “all your factory are belong to us,” and staged a sit-in at the South Korean production facility that subsequently turned violent. Ssangyong hired its own security to try and clear the plant, but that didn’t work. Now, months later, the South Korean police are reportedly set to move in.
Ssangyong production ceased entirely when the factory occupation began two months ago, and the company has no way of getting itself out of dire straits when it can’t make any products and engage in commerce. The workers want to negotiate with the government, but the government hasn’t announced any intention to do so. It’s up to the police now, who said “We’ll advance our force into the factory to assist the court’s order.”
The workers inside the factory appear totally committed to not giving up. Other former workers outside the factory have taken to staging rallies to support those inside, holding aloft banners that read “Layoffs are tantamount to murder.” Something will need to give, but before it does, it sounds like more violence is on the way.
[Source: Bloomberg | Image: Jung Yeon-Je/AFP/Getty]
Korean police to storm Ssangyong factory occupied by fired workers? originally appeared on Autoblog on Mon, 20 Jul 2009 10:29:00 EST. Please see our terms for use of feeds.
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AP – The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs.
LOS ANGELES – The Los Angeles school district says 15 students were denied diplomas at their eighth-grade graduation because they protested impending teacher layoffs. The students at Liechty (LAY’-stee) Middle School in East Los Angeles turned their backs on school board President Monica Garcia …
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15 eighth-graders denied diplomas for protesting teacher layoffs at LA graduation ceremony – Minneapolis Star Tribune