| Editor's note: We will no longer be publishing the IT Market Watch Alert, the last installment will be mailed the week of March 30. Starting April 6 look for our new alert titled: IT Best Practices in your mailbox. We hope you will enjoy this new alert and we thank you for reading Network World newsletters. If you wish to update your newsletter subscriptions, please click here. Google lays off 200 in sales and marketing Proving that it is not immune to the economic downturn, Google plans to lay off 200 people in its sales and marketing group, an executive said on Thursday. IBM layoffs incite backlash IBM's news that it will shed some 5,000 North American jobs and potentially send more positions overseas has stirred up some bad sentiment toward Big Blue as the economy continues to languish. IBM layoffs raise ire in N.Y. State Assembly Social network Twitter and message boards brought the fallout of IBM's layoffs on Thursday to life, as employees posted the news about their job losses in real time. Sun making deep job cuts this week, analysts say Sun is laying off about 1,500 employees this week in a follow-up to a restructuring plan announced a few months ago, the company confirmed Monday. IP issues could be slowing IBM-Sun talks, experts say If IBM is in the due diligence phase of acquisition talks with Sun, as news reports suggest, then it has an awful lot to be diligent about. 10% pay cuts for EMC's Tucci, other top executives EMC's top five executives, including CEO Joe Tucci, are taking 10% pay cuts, the storage vendor reported to the Securities and Exchange Commission this week. Google triumvirate sticks with $1 salaries, no bonuses or stock options Google CEO Eric Schmidt didn't receive a bonus or any new stock or option awards in 2008. Nor did Larry Page or Sergey Brin, who each took a $1 salary and nothing more. Put more IT spending in stimulus plans, Obama advisor says Governments should include more information and communication technology investments in their economic stimulus plans, according to an advisor to President Barack Obama's transition team. But governments must also move quickly to realize the desired short-run stimulus effects of these investments. Venture capitalists not willing to bet against Cisco Cisco Subnet blogger Brad Reese explains why VC losses from Hammerhead Systems could be the nail in the coffin for other start-ups competing with Cisco. Cisco on the trail of federal stimulus money Hoping for its share of the stimulus pie, Cisco has assembled a team to identify local and state government projects that will be funded with stimulus funds. Juniper pounces on Cisco proposals A link on Juniper's Web site encourages buyers with proposals from "Goliath" Cisco to instead consider what can be offered by Juniper's "David". Charter Communications goes Chapter 11; establishes millions in exec bonuses Microsoft co-founder Paul Allen's cable company, Charter Communications, has filed for bankruptcy to clean up $8 billion in debt. That didn't stop it from planning more than $9 million in bonuses for executives, reports Microsoft Subnet. Survey gauges Web application security spending A new survey shows that despite the dismal economic conditions, more than a quarter of the companies polled expect to spend more on Web application security this year. Good Business Intelligence Can Help With the Right Cuts Before companies make any cuts during a downturn, using IT to help strategize which reductions will be effective is one way CIOs can prove their worth.
5 Things You Need to Know: Budget Cutting
Boeing Saves Big By Cutting Imaging Costs
How Boeing Used Managed Services to Cut Imaging Costs Sagging enterprise sales plague Cisco rival Juniper Channel partners are finding that Juniper customers are more demanding in terms of cost savings, and competition is more intense. Could this indicate a tough Q1 for Cisco as well? IBM confirms North America layoffs Amid reports that it is moving thousands of jobs from the U.S. to India, IBM said Thursday it is notifying employees that some jobs are being eliminated. Report: IBM poised to cut more U.S. jobs IBM is planning to cut "a large number" of U.S. jobs in its Global Business Services division, with many positions being switched over to workers in India, The Wall Street Journal reported Wednesday, citing anonymous sources. H-1B lottery approaches, experts mull TARP effect Economic conditions could lessen demand for H-1B visas as U.S. government officials work to limit abuse of the program. Intel CEO Otellini gets $12.4 million in '08 Paul Otellini's 2008 compensation includes a $3.9 million cash bonus plus stock options and awards valued at $7.2 million at the time they were granted. Strike looms for AT&T AT&T faces an April 4 deadline to negotiate a new labor contract or it will run the risk of a massive labor strike, the Communication Workers of America said this week. Enter for a Microsoft training giveaway from New Horizons
New Horizons Computer Training is offering a free Microsoft training course worth up to $2,500 to be given to one lucky Microsoft Subnet reader. Deadline for entry is March 31. Network World on Twitter Get our tweets and stay plugged in to networking news. | 
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