:it begins:

Circuit City - Files Chapter 11, Closes 1/5 of all US stores
http://www.wral.com/business/story/3930688/

Nortel - 1,300 Jobs cut, Salaries Frozen
http://localtechwire.com/business/local_tech_wire/news/story/3930318/

DHL Layoffs - 9,500 Jobs
http://money.cnn.com/2008/11/10/news/companies/dhl/index.htm

11/10/2008 9:36:15 AM

it's an epidemic

11/10/2008 9:36:49 AM

but I like circuit city - they haven't tried to rape me like BestBuy

11/10/2008 9:50:44 AM

CC is way better than best buy. Apparently raping people is much more profitable than not raping people though.

11/10/2008 9:53:08 AM

Lenovo cutting jobs http://www.crn.com/hardware/212001209

11/10/2008 10:20:12 AM

i don't like this thread. it makes me

i move to terminate Str8BacardiL immediately, if not sooner

11/10/2008 10:24:31 AM

The DHL one is the most telling of what is to come.

11/10/2008 10:28:18 AM

why's that?

11/10/2008 10:30:41 AM

yay job security

11/10/2008 10:31:14 AM

DHL = Shipping, which goes down in a down economy. Looks like they're expecting significant downturn.

[Edited on November 10, 2008 at 10:33 AM. Reason : ]

11/10/2008 10:33:02 AM

http://localtechwire.com/business/local_tech_wire/news/story/3636603/
last month

11/10/2008 10:33:46 AM

^^ Yeah, if entities aren't shipping, they aren't outputting either. BTW, here's a very good economic indicator that many don't know about or don't think about:

Cardboard Boxes Among Many Indicators for Fed

http://www.npr.org/templates/story/story.php?storyId=17142804

[Edited on November 10, 2008 at 10:34 AM. Reason : .]

11/10/2008 10:34:20 AM

Same idea.

11/10/2008 10:34:54 AM

11/10/2008 10:36:25 AM

Quote :

"DHL = Shipping, which goes down in a down economy. Looks like they're expecting significant downturn."

I had not thought of that but.

11/10/2008 10:37:43 AM

^^switch companies.

my mom made a move to allen tate a few months back, closed on 3 houses last week and listed 2 more.

all about relocation programs.

11/10/2008 10:39:24 AM

Man I got a call from our shipping rep. They are changing from DHL to UPS because they expect DHL to tank really soon.

11/10/2008 10:41:20 AM

11/10/2008 10:42:05 AM

Quote :

"Man I got a call from our shipping rep. They are changing from DHL to UPS because they expect DHL to tank really soon."

If everyone does that then DHL will tank pretty soon.

11/10/2008 10:43:47 AM

My company is doing good. I just promoted all my girls to strippers and is hiring a new flock of street hos. There is always a viable and well-to-do market for the cutty.

11/10/2008 10:55:14 AM

cutty?

11/10/2008 10:56:18 AM

Cutty is a old school word for vagina. Mainly the boys from back home say it sometime, eg, 'I was in the cutty last night son.' It can also be called 'cut' eg, 'I was up in the cut last night son.'

[Edited on November 10, 2008 at 10:58 AM. Reason : /]

11/10/2008 10:58:02 AM

i, apparently, was sheltered back when old school was new school

11/10/2008 11:01:09 AM

You can also hear 'cutty-ranks'.

11/10/2008 11:02:24 AM

Quote :

"Man I got a call from our shipping rep. They are changing from DHL to UPS because they expect DHL to tank really soon."

ibm switched their primary shipping company from dhl to ups a few weeks ago after using dhl for years

11/10/2008 11:03:58 AM

i know cutty sark!



[Edited on November 10, 2008 at 11:04 AM. Reason : image?]

11/10/2008 11:03:59 AM

Jajajajaja

11/10/2008 11:04:48 AM

i thought dhl was owned by the german government and has never made money.

could be wrong though. google would know, but im too lazy/dont care

11/10/2008 11:08:21 AM

no wonder the country is so fucked up right now

all the political scientists and economists are apparantly wolfwebbers.

11/10/2008 11:21:19 AM

^put them hater blockers back on

11/10/2008 11:22:43 AM

That's really exactly what we need. I'll nominate myself as chairman of the Federal Reserve.

11/10/2008 11:22:43 AM

United States Postal Service is considering laying off 40,000.

first layoff in its history.

http://www.ksla.com/global/story.asp?s=9247633



yikes

11/10/2008 11:47:53 AM

just when their service couldn't suck any worse

11/10/2008 11:48:36 AM

do you really think their service is bad? i've actually been using a lot of priority mail lately. pretty much next day shipping on anything in the state.... and its only $4.80

seems to be the best deal out there, at least for mailing semi-heavy stuff in state

11/10/2008 11:52:16 AM

Great. I pretty much have no hope of getting a real job, do I?

11/10/2008 11:57:26 AM

Let's be honest though...DHL suxor bad. All of their delivery people look like Snoop Dawg so I'm never sure if I need to sign for a package or hand over my wallet. Most of the time the packages look like they've been shot out of a cannon and attacked by wild dogs.

Contrast this with the UPS and FedEx delivery folks that always have a clean and neat uniform and a mostly professional demeanor. Their packages don't look like they've been beaten as badly either. Worth the extra $$$ imo.

11/10/2008 11:58:05 AM

Hahahaha

11/10/2008 12:27:33 PM

^^truth

11/10/2008 12:28:03 PM

Quote :

"Let's be honest though...DHL suxor bad. All of their delivery people look like Snoop Dawg so I'm never sure if I need to sign for a package or hand over my wallet. Most of the time the packages look like they've been shot out of a cannon and attacked by wild dogs. Contrast this with the UPS and FedEx delivery folks that always have a clean and neat uniform and a mostly professional demeanor. Their packages don't look like they've been beaten as badly either. Worth the extra $$$ imo."

I've not had bad experiences with DHL delivery people; while they might not be as clean-cut as, say, UPS employees, most of the ones I've dealt with have been nice guys and I haven't had any more trouble with damaged packages from them as from any other carrier (and I've used DHL quite frequently as they do all the returns, at least, for Dell around these parts.

UPS as a whole does seem to be a slightly superior organization, but I don't think FedEx is any better than DHL, in my experience. Then again, they're not cutting 9500 jobs (yet), so...

11/10/2008 12:54:05 PM

Last Thursday, my department was slashed from 27 people to just 11. My office is a ghost town and we're all worried about what's coming next. Our industry is struggling in this economy:

"Starwood Hotels & Resorts Worldwide [HOT 17.64 -1.30 (-6.86%) ] said it plans to cut an unspecified number of jobs to offset slowing travel demand."
http://www.cnbc.com/id/27575462

11/10/2008 2:46:31 PM

so what's going to happen to my circuit city extended warranty on my tv?

11/10/2008 2:53:25 PM

TWW will honor it.

11/10/2008 2:58:26 PM

we're tww.

and we stand by your warratizzles

11/10/2008 3:13:10 PM

more like warrafizzles

amirite

11/10/2008 3:14:31 PM

Geek Squad is downsizing its double agents (the guys that drive the bugs) in our district.

11/10/2008 3:14:31 PM

you just reminded me to file for unemployment. Need to find job. This is going to suck, with the economy being so bad.

11/10/2008 3:30:36 PM

Quote :

"Fidelity Investments will start laying off about 2.9 percent of its global workforce later this month—affecting 1,288 workers in the first round from a workforce of 44,4000—and plans to trim more workers early next year. Toy maker Mattel Inc. [MAT 14.81 -0.08 (-0.54%) ] says it is cutting some 1,000 positions worldwide in response to the ongoing economic downturn. The El Segundo-based company says the positions amount to 3 percent of the company's worldwide workforce and will reduce its professional and management staff by 8 percent. Cuts will come from a combination of layoffs, attrition and retirements, the company said. Goldman Sachs [GS 71.21 -6.57 (-8.45%) ] notified roughly 3,200 employees this week that they have been laid off, part of previously reported plans to slash 10 percent of the firm's global work force. The move comes after laying off hundreds of support staff and junior bankers in June. The company had a record 32,569 employees in August and the latest cuts reduce headcount to the lowest since 2006. At Merrill Lynch [MER 15.51 -1.24 (-7.41%) ], 10,000 employees could be jettisoned as a result of the merger with Bank of America [BAC 19.48 -1.01 (-4.93%) ]. Bank of America, the second-largest U.S. bank by assets said in June it expected to eliminate about 7,500 jobs over the next two years after the completion of its acquisition of Countrywide Financial Corp, the largest U.S. mortgage lender. Barclay's [BCS 11.45 -1.00 (-8.03%) ] plans to cut about 3,000 jobs as it brings Lehman Brothers into its fold. Lehman, which filed for bankruptcy last month, had 26,000 employees. About 10,000 have been given jobs until at least the end of the year. The lack of merger and acquisitions and initial public offerings is hitting Morgan Stanley [MS 14.58 -1.40 (-8.76%) ] hard. The U.S. investment bank said on July 31 it was finished cutting jobs, having slashed 4,800 jobs in the past year but some analysts expect Morgan could lay off 15 percent of its work force. Even the more stable JPMorgan Chase [JPM 36.41 -1.34 (-3.55%) ] is looking at cutting at least 10 percent and maybe 15 percent of its workforce. It has over 180,000 employees globally, including 25,000 in investment banking. Citigroup [C 11.21 -0.61 (-5.16%) ] cut 11,000 jobs during their third quarter, which brought the total number of jobs cuts in 2008 to 23,000. Citigroup also is drawing up lists of employees in a division including investment banking who will be let go in another round of layoffs, people with direct knowledge of the matter told Reuters. The layoffs are part of Citigroup's previously announced plans to reduce headcount by about 9,100 across the company by next October. Wachovia [WB 5.48 -0.09 (-1.62%) ], said in August it would cut 6,950 jobs, 600 more than it had previously disclosed. UBS [UBS 14.50 -0.49 (-3.27%) ] said at the beginning of October it would cut another 2,000 jobs at its troubled investment bank. The job losses come on top of 7,000 jobs already cut, about 4,100 of which were in investment banking positions cut in the past year. The bank will have reduced its headcount by more than 10 percent to under 80,000. Credit Suisse [CSGKF 32.298 0.298 (+0.93%) ] has axed more than 1,500 jobs, the majority in investment banking in the last year since 2007, and on Tuesday it said it would cut 500 more jobs. HSBC [HBCYF 11.1 -0.55 (-4.72%) ] said late last month it was cutting 1,100 jobs in its investment banking operation, or 4 percent of the workforce. Commerzbank [CBK.DE 9.17 0.69 (+8.14%) ] announced its plan to cut 9,000 jobs in the wake of its agreement to purchase Dresdner Bank from Allianz [AZ 8.20 -0.40 (-4.65%) ]. About 2,500 jobs of the 9,000 cuts will be outside Germany. UniCredit [UNCFF 2.7 --- UNCH (0) ], Europe's fourth-largest bank said in June it would shed 9,000 posts out of 100,000 in Germany, Austria and its domestic base Italy. First American [FAF 22.07 -0.98 (-4.25%) ], the largest U.S. title insurer, by reported revenue said last month it cut 1,250 jobs in the third quarter, bringing the total for the year to about 2,950, or 8 percent of its workforce. It has cut roughly 6,500 jobs since the first quarter of 2007. National City Corp [FAF 22.07 -0.98 (-4.25%) ] said last week it planned to reduce 4,000 jobs, or 14 percent of its workforce, over three years to save $500 million to $600 million annually by 2011. Computer maker Dell [DELL 11.86 -0.69 (-5.5%) ], which is nearing the end of nearly 9,000 job cuts, has asked employees to consider taking up to five days of unpaid vacation, is offering voluntary severance packages and has instituted a global hiring freeze. Nissan [NSANF 10.9 --- UNCH (0) ] announced layoffs affecting 2,500 salaried jobs overseas and 1,000 temporary posts in Japan amid plans to cut vehicle productions globally. Privately held Chrysler said it was cutting about 5,000 salaried employees. Earlier in the week, it said was slashing 1,825 jobs as the result of plant closings. Money manager Janus Capital [JNS 8.33 -1.54 (-15.61%) ] said it would cut 9 percent of its staff a day after rival AllianceBernstein said it would make unprecedented job cuts. Xerox [XRX 7.20 -0.12 (-1.64%) ] announced job cuts of 5 percent, or 3,000 positions, due to a "tough business environment." Mining equipment maker Terex [TEX 14.38 -0.66 (-4.39%) ] said it would lay off hundreds of workers and suspend its share buyback program to preserve cash. Starwood Hotels & Resorts Worldwide [HOT 17.73 -1.21 (-6.39%) ] said it plans to cut an unspecified number of jobs to offset slowing travel demand. Computer systems vendor Agilysys [AGYS 3.57 -0.23 (-6.05%) ] cut three senior management positions and is consolidating headquarters in Ohio. Merck [MRK 27.91 -1.01 (-3.49%) ] announced plans on Wednesday to cut 12 percent of its workforce, citing a need to change its business model in order to survive. Fidelity National Financial [FNF 10.10 -1.13 (-10.06%) ], which controls one of the largest U.S. title insurers, announced 1,000 job cuts, office closings, a 10 percent pay cut and a 50 percent dividend cut, which comes on top of 1,600 job eliminations in the April-to-June period. Biotechnology company Maxygen [MAXY 4.23 -0.43 (-9.23%) ] plans to cut nearly 30 percent of its workforce and explore strategic options due to the current financial environment Popular Inc. [BPOP 6.51 -0.39 (-5.65%) ], parent of Banco Popular, is cutting 600 positions and more than a quarter of its branches in the United States. General Motors [GM 3.36 -1.00 (-22.94%) ], which previously said it would reduce salaried employment costs by 20 percent, reportedly plans more layoffs than expected in its salaried and contract workforce. GM also said it is reducing some employee benefits, including 401 k contributions and other programs. "

11/10/2008 6:39:05 PM

guess i should have posted in here before making my own thread.

11/10/2008 6:39:59 PM

This is for third person layoffs. Like I know (person) got laid off, or (company) has (#) positions being eliminated.

If you personally get laid off then you always get your own thread to use for bitching, complaining, and arranging groups to do out drinking with while you are unemployed.

11/10/2008 6:45:01 PM

fortunately they tend not to fire teachers
even if you suck at your job

11/10/2008 6:47:19 PM