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Panicsonic
Digital Daily —
Like Godzilla’s occasional rampages through Tokyo, the econalypse’s effect on Japan’s consumer electronics industry has been almost casual in its devastation with
Sony, NEC and Hitachi all announcing massive job cuts in the past few months. Today, Panasonic (PC) joined them. Hard hit by the global recession, Japan’s biggest consumer electronics company this morning warned of a $4.2 billion annual loss and said it plans to sack about 15,000 workers by March 2010. That’s about 5 percent of its workforce of more than 300,000 worldwide.
A nasty turn for a company that hasn’t posted a loss ...
Panasonic: 15,000 jobs to be eliminated
CrunchGear —
Yup, no one can escape the big, bad worldwide recession monster. Panasonic is the latest to join the gloomy ranks of Sony, IBM, and Microsoft with 15,000 layoffs expected. It has something to do with the net loss of $4.3 billion forecasted. Kind of hard to pay folks when there isn’t cash coming in, eh?
Panasonic to slash 15,000 jobs, forecasts first loss in 6 years
Between the Lines —
February 4th, 2009 Panasonic to slash 15,000 jobs, forecasts first loss in 6 years Posted by Sam Diaz @ 8:47 am Categories: General Tags: Job , Panasonic , Loss , Recruitment & Selection , Human Resources , Workforce Management , Sam Diaz Panasonic, facing its first loss in six years amid slowing demand for consumer electronics such as TVs, said today that it will slash 15,000 jobs, according to a Bloomberg report . For the year ending March 31, the company forecast a net loss of 380 billion yen, or $4.3 billion, and a 15 percent drop in sales. About half of the job ...
Tech Layoffs Surge to 300,000
TechCrunch —
Layoffs in the tech sector are accelerating. It took exactly three weeks for tech layoffs to surge to 300,000, according to our Layoff Tracker. Since late January, when the tracker hit 200,000 layoffs, another 100,000 job eliminations have been announced or completed. In contrast, it took five weeks for layoffs in the tech industry to hit the 200,000 mark, and four months for layoffs to hit 100,000 last December. The total number of layoffs since we began tracking since the financial crisis began in late August is 300,093.
The past few weeks have particularly brutal ...
