China Financial Daily

December 23, 2008

Lay off and Unemployment

Filed under: Financial News — Tags: , — kinpoo @ 5:09 am -0800

Taiwan: the highest Unemployment Rate in the past 4 years
Taiwan Statistics Sector released an unemployment report on 22nd, affected by the massive layoffs of the companies, in November the number of the unemployed people from Taiwan companies has reached to 36 thousand, hitting a new higher record.

Wenzhou Enterprises promised not to cut payment and layoffs collectively
The president of the Wenzhou Angulon Group Chen Yongmei, 74-year-old, headed out again. Because of his advanced age and early gastric cancer, he relegated behind the “second-line”, then gave the company to 5 professional managers to manage. Recently in front of the financial crisis, he chose to come back.

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October 19, 2008

Overseas Layoff: Actel Layoff, Invista Layoff, Internet Company Layoffs

Filed under: Financial News — Tags: , , , — Nancy @ 9:34 pm -0700

Semiconductor Industry: Actel lay off 10% Employees
The semiconductor industry reported the layoff news, Actel announced as scheduled to lay off 10% employees within global scale, approximately 60 people.

80% of Layoff Planning beats up the Local Government
Invista intends to carry out restructuring plans to lay off 80% employees. Invista said that this layoff mainly caused the U.S. financial turmoil. At the same time, in pursuit of company restructuring, the company needed new technical staff and would introduce a number of new employees to work on the new job.

Ten Internet Companies claim to lay off in United States this month
U.S. financial crisis now sweeps across all sectors; the number of unemployed people has risen sharply. The Internet industry will naturally have no exception. In this month, ten internet companies, Appcelerator, Pandora, Hi5, Jive Software, Sirius XM, Redfin, Tesla Motors, AdBrite, Zivity, Seesmic, claimed to lay off the employees in America.

Korean online games company lay off large-scale employees because of Poor performance
Because of poor performance, major South Korean online game companies have started to lay off employees and stop the bad games:
▲ CJ network will dismiss most of the developers
▲ 40 people in Gravity resign, and the company will fire more than 40 people
▲ Over 100 people in Hanbitsoft has resigned in 4 months
▲ JC Entertainment, NCSOFT, and Webzen have laid off the employees or demission from employees.

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October 17, 2008

Lenovo Layoffs, Zillow Layoffs, Jet Layoffs, Silicon Valley Layoffs

Filed under: Financial News — Tags: , , , , — Nancy @ 11:49 pm -0700

Lenovo plans to implement New Layoff Planning
According to foreign media, the world fourth largest PC vendor Lenovo announced on Friday, in Morrisville, the global headquarters of the company will lay off 50 employees approximately. According to Lenovo spokesman Ray Gorman said that this layoff action is one part of its reorganization plan.

U.S. Real Estate Trading Website Zillow announced to lay off 25% Employee
According to foreign media reports, the Chief Executive Officer of U.S. real estate trading website Zillow, Richard Barton said in company’s official blog that the U.S. are plunged into financial crisis, Zillow was forced to lay off 25% of the staff.

Indian Airline Company plans to lay off large numbers of staff
Large private Indian airline Jet Airways president Naryshkin • Goyal said that he could not fall into sleep because of tears from employees, so he changed the decision on previous 1,900 layoffs. According to the Agence France-Presse report, 800 layoffs had gone back to work at the same day.

Silicon Valley start-ups Layoff Tide
The financial turmoil has great influence in large enterprises and small business enterprises of internet. Google announced a few days ago to accept gambling ads. However, the corporations were started the layoff tides.

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