According to WSJ Business Technology blog: “Now that we can officially say we’re in a recession, it makes sense that there’s a resurgence of sites devoted to floundering companies.
We have to bleep out some names, but they include LayoffBlog.com, Screwdd F-edStartups, It Died, Timely Demise and web2.0f-edcompany.com (which BizTech wrote about in October), in addition to TechCrunch’s longer-running deadpool.”
According to CNN: “As the economic outlook worsens, job cut announcements have come in hard and fast this week from businesses across the nation.
In all, employers have announced in excess of 110,000 job cuts thus far in November – over 60,000 of which were announced this week alone. Though many of the job cuts represent global figures or won’t take place until next year, the ever-worsening job scene is an ominous sign before this month’s payroll figures are announced in two weeks.”
According to CNN: “Congress passed legislation late Thursday to extend the period of government assistance to Americans struggling in the shrinking job market.
The bill, which was already approved by the House, is expected to be quickly signed by President Bush.
The measure helps people whose benefits have recently expired, extending benefits by seven weeks in most states and 13 weeks in states with unemployment higher than 6%.
Workers typically get 26 weeks of unemployment benefits, and it’s not uncommon for the government to extend that during economic slowdowns.”
According to NY Times (05/21/2008): “An analyst at Goldman Sachs, Mr. Murti has become the talk of the oil market by issuing one sensational forecast after another. Mr. Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: He foresees a “super spike” — a price surge that will soon drive crude oil to $200 a barrel.”
According to CNN Money (11/20/2008): “crude futures fell $4 to settle at $49.62 a barrel, the lowest settle price since May 23, 2005”.
LayoffBlog.com comment: “Clean up your locker and hit the road, Mr. Murti”.
According to TechCrunch Layoff Tracker(11/20/2008, 12:00 pm PST):
Total Layoffs Since August 27, 2008: 225
Total Employees: 77,151
LayoffBlog.com 