Posts Tagged marketng
Ten companies that probably won’t cut jobs
By Douglas A. McIntyre
Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft, Caterpillar, or Macy’s letting thousands of people go. There are a relatively small number of America’s largest companies which will almost certainly not have significant layoffs. One of them might close an office in Turkey, another could replace telephone operators with an automated system, but each is in a unique position that makes it highly unlikely for them to want or need to fire employees.
Some of the companies on the list are simply doing so well that they cannot afford to do without all the people that they have. Not only will these companies be unlikely to fire people but some may actually be hiring. The other firms included have large amounts of cash on their balance sheets and have elected to use the slow economy to develop new products and services to take share away from financially weaker competitors. A few of the companies on this list had modest job cuts last year. None of them were significant and are highly unlikely to happen again.
Cisco cut 3,000 of its 66,000 people last year. CEO John Chambers has said that the company plans to avoid job cuts. Cisco probably has as much or more cash on hand as any tech company in the US, holding $27 billion in available funds. The company is in the midst of a very rapid expansion into the server and data center business. That will require extra personnel and may involve acquisitions. Cisco is in several businesses which are nearly recession-proof and should continue to do well. Its core router operation is critical to building out broadband and systems for popular products like VoIP. The new stimulus package should give that business a bump up. Cisco is also in several sectors like video conferencing which may actually grow as business people cut back on travel.
Posted by Tom Polanski in Careers on February 24th, 2009
Microsoft overpays laid-off workers – Seeks to collect
By Tom Polanski, EVP, eBrand Media and eBrand Interactive
A few weeks after launching the first wide-scale layoffs in its history, Microsoft Corp. admits it messed up a key part of the plan.
The company is asking some laid-off employees for a portion of their severance back, saying an administrative glitch caused the software maker to pay them too much.
Lou Gellos, a Microsoft spokesman, would not say how many of the 1,400 workers let go in January were overpaid, or by how much. Microsoft has said severance would be calculated by length of service and position in the company.
The Redmond, Wash.-based software maker is asking former employees for reimbursement, by check or money order, within two weeks, according to a redacted letter posted by the technology blog TechCrunch. Gellos confirmed the letter’s authenticity.
Posted by Tom Polanski in Advertising on February 23rd, 2009