www.Guide2MarketingSuccess.com Lawren discusses the problems within the economy; in particular, the job layoffs in the technology industry. Lawren, who is currently working as a senior software engineer, shares her experiences in being downsized. Silicon Valley is seeing pink. Hit by turmoil in the financial markets, general economic decline, and slowing sales, the tech sector is expected to follow Wall Street with its own mass layoffs. Rumors abound that AT&T, Yahoo, and Ebay will together release thousands of workers into the unemployment pool. Those will add to the mounting figures: Earlier this year, Sun Microsystems let up to 2500 employees go; Nortel is cutting 2100 jobs; Hewlett-Packard will reduce staff by nearly 25000 following its acquisition of Electronic Data Systems; and even Google got into the game with the shedding of 300 jobs at DoubleClick. According to the San Jose Mercury News, there are around 1417000 people out of work in California alone. That’s up 413000 from this time last year. Today Alley Insider posted an anonymous tip that Yahoo! will soon be axing 3500 jobs. Yahoo! has been in a five-year stock slump and is down 8 percent so far today. Its third-quarter earnings come out October 21 for investors to see whether rumors of cost cutting through layoffs are warranted. There’s also talk that eBay is planning on scaling back its workforce by 10 percent, roughly 1500, as reported by Barron’s. The online auctioneer has been taking heat from users over …
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