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Layoffs at Microsoft, Intel, and IBM
Normally I try to avoid posting straight business news, but I think that these 3 stories combine to something meaningful.
Muleguy noted Microsoft is laying off 5,000,
Mspangler reports that
Intel is cutting 5-6k, while
nonyabidness afraid4myjob submitted that IBM Layoffs have begun with no number, but estimates as high as 16,000.
Government intervention _CREATES_ most of the problems; the current recession is due to government central banks holding interest rates too low for a decade to create an artificial boom which eventually had to go bust.
No company can screw up an economy the way government can.
Offtopic: Is there a reason why when I was reading this story in my igoogle page that an ad for Al Jazeera showed up in the reader window? Since when has slashdot starting accepting ads from terrorist supporting organizations.
So you are happy that 5000 of your fellow geeks, US living citizens, and humans are out of a job?
G....G....
I mod down so you can mod up. Your welcome.
Mini-Msft called it pretty well, as reported here and elsewhere before Christmas. I was ploughing through the comments on the first piece he posted on that on New Year's Day, the comments as the Zune leap-year brick bug kicked off were hilarious.
Personally I will neverhire an ex-Microsoftie; they don't have morals or ethics that are worth a damn, or they wouldn't have worked there in the first place. Fuck 'em, I say.
How did Roosevelt prove that government spending can't stimulate the economy?
By his manifest failures throughout the 1930s.
-jcr
The only title of honor that a tyrant can grant is "Enemy of the State."
And that's why GE is the market leader today. Oh wait...
Your money comes from debt which pays interest and therefore requires continual exponential growth to function. It's a pyramid scheme. For which you can thank the bankers.
Have a look at the back of a dollar bill sometime.
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