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Articles about recession

Shields Up!: Malware and the recession

by Sue Walsh on Jul 7, 2009 at 07:38 PM

Security experts have found a silver lining in the recession: it’s hitting cybercriminals hard too, leading to a drop in malware. That’s right; there really are hard times all over.  A German security firm has released a report showing a 30% drop in unique malware signatures and says it’s no… Continue Reading »

Microsoft gives out 3,000 pink slips in their second wave of job cuts

by Heather Wood on May 6, 2009 at 03:07 PM

Yesterday, Microsoft let go more than 3,000 of its staff, almost double the amount that it laid off during their first wave of job cuts back in January.  During that time, Microsoft had said that they planned to lay off 5,000 employees in order to stay afloat during the recession. … Continue Reading »

Surprise, surprise: Google makes money in first quarter

by Heather Wood on Apr 20, 2009 at 09:41 AM

Google has reported first quarter net earnings at $1.42 billion, up 6 percent from last year despite the recession.  Not including traffic costs, it came to be about $4.49 a share.  However, revenue did drop since last quarter, which makes Google’s top execs uncertain how to navigate its components in… Continue Reading »

Motorola: Worst Week?

by Iyaz Akhtar on Mar 6, 2009 at 09:33 PM

If I were Motorola this week, I’d be feeling a bit nauseated.  The company took some particularly bad hits this week—hits that would take the wind out of almost anyone’s sails.  Let’s give you a rundown of the fun this week at Moto. Good news, everyone: Motorola’s co-CEOs have declined… Continue Reading »

1,000 fewer jobs at Nokia

by Natesh Sood on Feb 24, 2009 at 06:45 PM

A common trend within the past year is the laying off of employees.  Even though many companies are trying to cut costs by being more efficient, some still have to resort to lay offs.  Today, Nokia announced that they are planning to cut 1,000 jobs globally as a means to… Continue Reading »

Sharp sees red

by Heather Wood on Feb 7, 2009 at 01:30 PM

In the first time in their company’s financial history, Sharp Corporation has suffered an annual profit loss.  The announcement came after the company found itself in the red after their third quarter, contributing the financial downfall to price drops in flat panel television sets and a firmer yen.  The company… Continue Reading »

Lenovo CEO steps down

by Heather Wood on Feb 5, 2009 at 04:03 PM

The CEO of Lenovo, William Amelio announced his resignation today as his three year contract with the company comes to a close.  Insiders speculate that the resignation stems from the company’s stunning $97 million loss for the third quarter.  This number is a dramatic comparison to Lenovo’s $172.6 million profit… Continue Reading »

Your local Circuit City to become a Best Buy?

by Eric Brown on Jan 30, 2009 at 06:32 PM

In a wave of closings, layoffs, and cutbacks one company in the gadget world is looking to stand their ground against the economic tide.  Best Buy, the tech and gadget superstore, could hugely benefit from store closings, but one particular may catch their eye. Circuit City is looking to soon… Continue Reading »

AOL plans to let go 700 employees

by Heather Wood on Jan 29, 2009 at 11:25 AM

AOL has sent out a companywide e-mail to announce plans to lay off approximately 10 percent of its workforce.  The job cuts will continue through March and are part of the company’s recession survival plan.  Along with the job cuts, none of the current AOL employees will be receiving merit… Continue Reading »

Some good news: Netflix is making money

by Heather Wood on Jan 27, 2009 at 01:14 PM

Each day, headlines are screaming about plunging profits and frightening layoffs.  However, Netflix seems to be actually making money and has experienced a major period of growth during the company’s fourth quarter.  Profits rose 45 percent, a fact that the company attributes to their new streaming video feature, which allows… Continue Reading »

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