Tonight the Lights Go Down on Netscape's Silicon Valley HQ

With a flick of the switch today at 5 pm PT, a critical chapter in Silicon Valley will finally go dark. That’s when AOL officially moves out of the legendary HQ buildings of Netscape Communications in Mountain View, Calif.–along Ellis Street and East Middlefield Road–to new, snappier digs it is subleasing from Google in Palo Alto on Page Mill Road. Sigh–BoomTown hates change.

Agilent To Cut Staff By 500; Also Trimming 300 Temps

Agilent Technologies just announced that it will reduce its headcount by 500, and its temporary workforce by 300. It will also begin to require temporary pay cuts and/or unpaid time off. The layoffs will save the company $65 million the pay cuts will save $100 million. Happy Holidays.