China Financial Daily

OLPC will lay off 50% employees and the salary of remaining employees will be cut down
According to foreign media reports, OLPC (100 laptop project) announced Wednesday (January 7, 2009), because of the economic downturn, the agency would lay off 50 percent of employees and reduce the salaries of the rest staff at the same time.
OLPC founder Nicholas Negroponte in the blog said: “Just as many other non-profit agencies, in the face of the current economic downturn, OLPC also needs to cut costs through layoffs. Today, we have decided to lay off 50% of employees, while the rest 32 staff’s salaries will also be lowered. ”

EMC plans to lay off 2,400, which accounts for 7%
On January 8, according to foreign media reports, EMC said late Wednesday, despite the expected fourth-quarter results would be in line with expectations, the company still plans to cut 2,400 employees – about 7 percent of the total number of employees to cut costs. EMC said that by simplifying back-end operations and the reduction of management, the reorganization plan will enable the company to reduce 350 million U.S. dollars of the cost in 2009.

Related posts:

1. ING layoffs in 2009; Barclays layoffs in 2009
   ING intends to lay off 750 people in the United States to cope with the...
2. Electrolux layoffs, SGI layoffs
   Electrolux plans to lay off 3000 people, which accounts for 5% of the total number...
3. CMI layoffs in 2009
   Cummins Inc. (CMI) will lay off 800 people and carry out a freeze on salaries...