Tuesday, February 17, 2009

Tech layoffs: The real numbers aren't so bad; Engineers, Not Scientists, Will Rescue the Economy

The bright side of high-tech layoffs; How technology can repair the mortgage market
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Spotlight Story
Tech layoffs: The real numbers aren't so bad

By Tom Sullivan
From the constant drip of tech industry layoff announcements, you'd think huge numbers of IT workers would be out on the street. And certainly Cisco, Dell, HP, IBM, Intel, Oracle, SAP, Sun, and others have announced thousands of layoffs. But the numbers they report don't reflect actual people losing their jobs, so the real tally of tech workers who have found themselves jobless is significantly smaller than you'd think. Read full story

Related News:

Engineers, Not Scientists, Will Rescue the Economy Sevcik and Wetzel: To kick start the U.S. economy we need more engineering chutzpah.

Podcast: The bright side of high-tech layoffs Newsmaker Frank Scavo, president of IT research and advisory firm Computer Economics, won't buy into all the doom and gloom around the economy -- at least not when it comes to the IT industry. Scavo says things aren't as bad as they may seem and shares why he remains optimistic about IT going into 2010. (11:57)

How technology can repair the mortgage market All the problems of the mortgage crisis flow through two related facts: (1) The financial markets badly mispriced Mortgage-Backed Securities (MBS); and (2) Even going forward, nobody can think of a good management and incentive structure to keep that problem from recurring.
Repairing the mortgage market (Part 1 -- General overview) Repairing the mortgage market (Part 2 -- Technology overview) Repairing the mortgage market (Part 3 -- Security and privacy)

Ballmer asks Congress to pass stimulus Microsoft CEO Steve Ballmer urged Congress in a letter to quickly pass the stimulus bill "to begin to put our country back on the path toward long-term economic growth."

Intel's $7 billion 'Made in the USA' investment It's been a dismal decade for manufacturing with the more than 2 million U.S. jobs having headed overseas. Then, along comes Intel Tuesday, announcing a plan to spend $7 billion to upgrade its manufacturing in the U.S. - a move that will retain or create about 7,000 jobs.
More from the blogosphere: Intel's $7 billion 'Made in the USA' investment, yes USA, not India, China or Malaysia

Qwest income down nearly 50% in Q4 2008 Qwest's income took a significant dip in the fourth quarter of 2008, as its $185 million in earnings represented a 49% drop off from its 2007 fourth-quarter earnings of $366 million.

Layoffs - An Interesting Twist - want to move to India? IBM is reportedly offering to send laid off workers to India (for Indian wages), says blogger Kerrie Meyler.

Nokia cuts R&D staff in response to sales slump Nokia is closing its R&D site in Jyväskylä, Finland. In the process about 320 employees will be laid off. The company is also making temporary cuts at its production facility in Salo, it announced on Wednesday.


IT & social networks
where IT pros do their social networkingSurvey takes a look at where IT pros do their social networking.

Hot spot safety tips
Top 10 hot spot safety tipsHow to protect laptop data at your local Wi-Fi hot spot.

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02/17/09

Today's most-read stories:

  1. Microsoft announces $250,000 Conflicker worm bounty
  2. Evolution of PCs, Macs, Internet, routing, cell phones, Microsoft Windows
  3. Palm pulls the plug on Palm OS, bets the future on Pre's webOS
  4. Largest coordinated ATM rip-off ever nets $9+ million
  5. Iridium calls may suffer outages from satellite crash
  6. Microsoft renames, expands free online services for higher-ed
  7. New amplifier paves way for 10Gbps wireless Web
  8. NSA identifies top 25 programming errors
  9. Rumor mill: Cisco to buy VMware?
  10. Did Borat help Cisco?


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