John Paczkowski

Recent Posts by John Paczkowski

So Much for That Late 2009 Recovery…

jet enginesWhen United Technologies CFO Greg Hayes said in January that the company was “preparing for tougher times ahead,” he wasn’t kidding. Hamstrung by the global slowdown in commercial construction, the aerospace conglomerate is taking a hatchet to both its 2009 profit target and its workforce. In a statement issued this morning, United (UTX) announced plans to sack 11,600 employees globally, part of a $750 million restructuring plan. And that may only be the beginning. The company said that more cuts may be needed in 2009, which isn’t looking any better than 2008. Said UTC CEO Louis Chênevert, “the economic recovery previously anticipated in the second half of 2009 now appears unlikely.”


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