Archive for February, 2009
Have you seen us in…
Bloomberg’s No-Rehire Policy in Question
In the media industry, Bloomberg LP is perceived as a sort of Hotel California — once you leave, you can never come back. It’s said to be written into the manual that quitting the company prevents you from ever being rehired there. (We couldn’t procure a copy of that — if anyone wants to send that in, contact us via the Contact page.)
Recession Lexicon: Propportunity
What you get when you look at a problem as a potential opportunity.
Recession Concessions: Dog Food v. Daycare
Ditching: Daycare
Keeping: Gourmet dog food
Few are immune to the necessary cutbacks that come with shrinking assets. Even dogs.
Screwed: 4,800 at IBM
A daily review of the employment fallout around the country.
IBM continues to quietly lay off more than 4,800 workers…Fidelity starts second round of reductions…Martin Petroleum files layoff notice, just in case…Fresno County announces layoffs and other changes…
Recession Briefing 2.4
What you need to know today to survive and thrive in the recession.
Hilton Pledges Help To The Economy (SF Gate)
We’ll always have Paris. Ms. Hilton has promised to help the struggling global economy by doing what she does best: shopping.
UPS Q4 hit by tough economy; package volumes down (Reuters)
The economy is not down with brown. United Parcel Service Inc reported a reduced quarterly profit on Tuesday, forcing it to cut costs, including freezing some wages.
Be Nice to Rich People
Paul Krugman blogged about the “paradox of thrift” for the New York Times this morning. Basically, people are cutting spending, which negatively affects the economy, which results in more job losses, which causes people to pull back on spending, and so on…
Funnily enough, yesterday a friend who has a designer retail business was lamenting the trend of lambasting the rich for shopping.
What Not to Wear in Unemployment
Now that you’re no longer office-bound, your closet is calling to you with its range of options. You’re giddy over the possibilities (suit no longer required? no matter! how about gym clothes!). But before your wardrobe fantasy goes too far, we have some advice.
Here’s what not to wear in unemployment. Unless, of course, you plan on remaining unemployed.
Con Ed’s Customer Satisfaction Plan
Attention New Yorkers: Con Edison does not care about making any more money off of you.
At the Future of New York City conference today, several business leaders held forth on the future of business in the recession. Jamie Dimon took issue with the pervasive view that Wall Street compensation should be purely performance-based, saying that some jobs were tough enough without performance-comp pressures. NASDAQ’s Robert Greifeld asserted that over-the-counter derivatives market could be the next area of growth. And Con Ed CEO Kevin Burke, speaking to WNYC host Brian Lehrer from the conference, said the utility giant planned to stop growing its business.
Traveling Tight: Don’t Get Fleeced by Currency Conversion Fees
Money’s tight. So every penny counts when you’re on the road…
Psst. You may be incurring up to 3% in currency-conversion fees when you travel abroad every time you use your credit card. In recent years, banks have started piling fees right on top of the standard 1% fee that Visa and MasterCard charge for foreign purchases. Why? Because they think you’re too jet-lagged to notice.
Screwed: Up to 1,800 at Morgan Stanley
A daily review of the employment fallout around the country.
Morgan Stanley may lay off 3% to 4% of staff this month … Farm equipment maker Deere & Co. expands Iowa layoffs to 200 … more Hawker Beechcraft layoffs coming this week in Kansas … Macy’s went public with plans to cut 7,000 jobs including over 1,000 in San Francisco.
Read about layoffs at the sites compiled on our Layoff Tracker page.
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