IBM has begun notifying employees that layoffs or "resource actions" are coming. All in all, some 5000 employees, mostly from the Global Business Services division will be affected. [Digital Daily]
Sony Ericsson, the world's 4th biggest handset maker, has reported a titanic sales decrease of almost 50% in just a few months. This is a bad thing, you see.
Those jokers down in Washington finally compromised on the economic stimulus bill, with the Republican minority succeeding in cutting out huge swathes of spending. Among the casualties is the $2 billion for universal broadband.
In the wake of Microsoft's first wave of layoffs, Seattle thrift stores are seeing a significant rise in Microsoft-related, wearable propaganda. And some of this stuff is downright hilarious.
A glut of supply has kept DRAM prices at rock-bottom lows recently, but now that the second-largest supplier of RAM chips—Germany's Qimonda AG—has filed for bankruptcy, we could be in for a price spike.
T-Mobile is allowing qualified customers to purchase headsets and accessories in four-month interest-free installments. You know the economy is bad when you are buying cellphone cases in installments.
Remember when Howard Stringer said that he "wasn't recession proof" at this CES keynote? Yeah, he wasn't joking. Sony is about to post its first loss in 14 years, and it's a doozy.
We'd already heard Sony is planning deep layoffs—16,000 workers gone—but now the Times of London says that it's gearing up for a bunch of “sacred cow-slaying” measures, including the closure "of several major divisions."
One would think that a shitty economy = more cheap stuff for us consumers, right? You know, the whole "go out and shop!" brand of problem-solving we've become accustomed to? Not this time.
With so much financial strife, it sounds insane to splurge on an HDTV now. Good thing there are 40" or bigger sets to be had for under $900. But which ones don't suck?
Before you drop the dough on a whole new system, here's a list of upgrades for squeezing a few more months, years even, out of ol' faithful, during these trying economic times.
In an attempt to weather the looming financial apocalypse, Sony will lay off 16,000 workers and close five or six factories, according to Forbes. Sony believes the decision will help them save one billion dollars and stay competitive in the next fiscal year. Forbes says part of the reason Sony faces an uphill battle…
Originally designed to fight the Soviets in WWIII, the F-22 Raptor has never seen combat. And now, Barack Obama needs to decide whether to keep building them or kill the plane forever.
Financiapocalypse has claimed yet another victim. This time it is Office Depot—and they are planning to close 112 stores, or 9% of their North American locations over the next three months.