Jobs 3/25/09
IBM made a big announcement today. The others are unsurprising. The headlines:
IBM to lay off 5,000 U.S.-based workers — If the Sun acquisition goes through, expect even more layoffs.
Atlanta Journal-Constitution to Cut 30% of Newsroom — 90 jobs.
Canadian Broadcaster Cuts 800 Jobs as Revenue Falls — Roughly 10% of the workforce.
UniCredit to Cut 1,400 Jobs in Ukraine, Kazakhstan, Presse Says — I’ll be honest, I’m a little surprised the unwind of Eastern Europe has gone so smoothly. I don’t expect it to finish so smoothly.
In other news, UN’s ILO Says 90 Million Jobs Needed to Avert Employment Crisis. This can be translated as “There’s going to be a global employment crisis.” That’s depressing.
