China Financial Daily

99bill CEO Guan Guoguang denied the layoff rumor
For the rumor that “99bill is laying off employees”, the 99bill CEO Guan Guoguang yesterday denied this. He said that because there is quite low of electronic payment in China GDP, the 99bill has been little influenced by the financial crisis, so their economy still maintains a rapid growth.

IBM Japan Company will lay off 1,000 people within this year
Before the end of this year, IBM Japan will formally lay off 1,000 employees, which is equivalent to the 6% of its official employees of the total number. The company wants to improve the declining performance of the company through the layoff plan and small and medium business reinforcement.

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