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...Chrysler submit their restructuring plans to the Treasury and Congress. The UAW and creditors have not given enough in terms of concessions so far to make the government comfortable. If the GM plan is approved, 47,000 people lose jobs. If the plan is not, the number could be much larger. A bankruptcy of America's largest car company could not only lead to huge increases in the number of people out of work; it could leave a gaping hole in the confidence people have in the government to solve economic problems. (See pictures of Detroit...
Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft (MSFT), Caterpillar (CAT), or Macy's (MC) 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...
...Google (GOOG) fired a very small number of people last year. If the company wants to control personnel costs, it can simply stop hiring. Google has been adding employees at a dizzying rate for four years. Google, like Apple, has a tremendous interest in keeping its R&D, marketing, product development, and engineering projects going forward as rivals like Microsoft (MSFT) and Yahoo! (YHOO) falter. Google has a chance to pick up market share from both companies and improve its competitive position against Microsoft in the PC application business. It can significantly improve its edge by putting money into initiatives...
...also made a major gamble that it can take home broadband and television services away from the cable companies. It will need to continue to market, service, and build the infrastructure out for that to get a return on its multi-billion capital investment. Verizon removed a very small number of people who serviced its Circuit City locations when the retailer folded. The one business that Verizon has been struggling with is its wireline to the home business - the traditional phone. The company has already cut 2,700 people to keep costs in that operation down. Its plan to market...
...years ThePirateBay.org has been public enemy number one for the music business and Hollywood. By the time police raided the outfit's offices in 2006, the war of words - and legal threats - had been years in the making. And no wonder. The three main defendants certainly have Hoffman's flair for the dramatic, and more than a share of the late Yippie leader's propensity to stick it in the eye of the establishment. The site proudly displays its amassed correspondence from corporate lawyers who have written by the dozen to give notice of copyright infringement. Take this response...