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Google Reportedly Facing $5 Billion Fine In India Google Reportedly Facing $5 Billion Fine In India

Google is reportedly facing a $5 billion fine from the Competition Commission of India in relation to an antitrust probe launched two years ago. The probe began after a complaint from consumer advocacy group Consumer Unity and Trust Society (CUTS) …

Penney Store Closings of 33 Locations Will Cut 2,000 Jobs

On Wednesday, January 15th, J.C. Penney Co. announced the shutdown of 33 stores mainly located in smaller markets that have been experiencing a continual decline in customer visits. According to Chief Executive MikeĀ Ullman, the clothing company chain has experienced a …

ESPN Layoffs Confirmed, Details Emerging
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Yesterday, rumors began to surface that sports TV news station ESPN will soon be laying off some of its employees. Now, the company, which is owned mainly by The Walt Disney Company, has confirmed that layoffs are incoming. ESPN has …

IBM Cuts Another 1,000 Jobs, Enjoys a 7% Increase in Profits IBM Cuts Another 1,000 Jobs, Enjoys a 7% Increase in Profits

Over 1,000 U.S. IBM employees were “let go” during the past week. This comes as no surprise. IBM has been decreasing American jobs for half a decade. IBM has reduced its American workforce by over 21,000 employees since 2007. It …

Flickr Is Target Of Yahoo’s Latest Layoffs

 While it is no surprise that Yahoo started announcing the layoffs of between 600-700 people this week (the

NY Times Making Cuts To Paper Editions

I know it has everything to do with journalistic integrity and it is the right thing to do but when a newspaper the stature of the New York nyt-logoTimes reports on the cuts it must make to its sections to ‘survive’ it’s still sad.

Rumors Of Microsoft’s 15,000 Person Staff Cuts

MS logoAre the rumors true? Reports have emerged that Redmond based tech giant Microsoft is set to slash its global workforce, as the pressure of the current financial crisis takes hold.

Last month, speculation started that Microsoft was looking to cut its staff early in the New Year, with unconfirmed reports suggesting several thousands of employees would start 2009 looking for new jobs.