Journal #9, October 26

http://www.techcrunch.com/2008/10/24/19683-tech-layoffs-and-counting/
http://query.nytimes.com/gst/fullpage.html?res=9B02E4DB1238F933A25752C1A963948260 (Extra Research)

This article is not really about new technology that is coming out or having problems, this is an article that looks at the people that is works at the business that create that technology. Since the economy is in a recession there is always jobs that have to do job cuts or move jobs around. According to Layoff Tracker it has been a brutal month for tech; there has been 19,683 job elimination since mid-September. But only five big companies make up more than 90 percent of the layoffs: Xerox (3,000), Dell (8,900), Yahoo (1,500), eBay (1,500), and German chipmaker Qimonda (3,000). The other 33 companies are mostly startups, and collectively account for 1,683 layoffs. The after some of the other layoffs there are the other numbers of layoff tech startups with 573. This comes to about 57 startups with ten people each. Some of the companies do not have a big staff, like Cake Financial has laid off 30 percent of its staff, or 6 people. Then Meraki was 20 percent, or 10 people. My thoughts on this is that this a horrible thing to go through, but when the economy is in a recession job cuts business have to go through this. The thing that i do not like when people get fired because the jobs are going over seas and that is the main thing that hurts the economy to an extend. I assume that the technology of today will be coming more over seas and there will be less jobs over here. I do wish that we could do stuff about this, but that is up to the government.