John Paczkowski

Recent Posts by John Paczkowski


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 (SNE), NEC and Hitachi (HIT) all announcing massive job cuts in the past few months. Today, Panasonic 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 five percent of its workforce of more than 300,000 worldwide.

A nasty turn for a company that hasn’t posted a loss in six years and has long been one of the Japanese electronics industry’s strongest performers. Now, as consumer spending slumps worldwide, even Panasonic (PC) has stumbled. And according to Panasonic director, Makoto Uenoyama, it will be a while before the company regains its balance. “We expect sharper sales declines in this quarter, and profits are likely to shrink in every segment,” he said at a news conference. “We think it will take more than one year, more like two years, to work through this environment.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work