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		<title>Weekend Update 11/14/08</title>
		<link>http://allthingsd.com/20081115/weekend-update-111408/</link>
		<comments>http://allthingsd.com/20081115/weekend-update-111408/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 02:23:01 +0000</pubDate>
		<dc:creator>Beth Callaghan</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[AOL]]></category>
		<category><![CDATA[BoomTown]]></category>
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		<category><![CDATA[layoff]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=8515</guid>
		<description><![CDATA[Safe to say that the mood of last week, with its anticipation of change, is a distant memory. A different kind of anticipation permeated the tech and online media industries, one more reminiscent of April 2001. There was news all around of layoffs, pending layoffs, bankruptcies and stock dives.]]></description>
			<content:encoded><![CDATA[<p><a href="http://digitaldaily.allthingsd.com/files/2008/11/updategraph.jpg"><img src="http://digitaldaily.allthingsd.com/files/2008/11/updategraph.jpg" alt="" title="updategraph" width="270" height="164" class="alignright size-medium wp-image-8516" /></a></p>
<p>Safe to say that the mood of last week&#8211;with its anticipation of change&#8211;is a <a href="http://mediamemo.allthingsd.com/20081113/obamas-post-election-media-bump-over/">distant memory</a>. A different kind of anticipation permeated the tech and online media industries, one more reminiscent of April 2001. There was news all around of layoffs, pending layoffs, bankruptcies and stock dives.</p>
<p>To wit:</p>
<p>Digital Daily offered up a <a href="http://digitaldaily.allthingsd.com/20081113/goog-58-ytd-aapl-5216-ytd-msft-4045-ytd-ebay-6068-ytd/">body count</a> of companies in the tech sector that have been beaten into whimpering submission. <a href="http://digitaldaily.allthingsd.com/20081110/nortel/">Nortel</a> (NT), once a telecom high-flyer, lost $3.4 billion in Q3. The company announced plans to lay off five percent of its workforce&#8211;including some high-ranking executives&#8211;eliminating 2,500 positions. Other high-ranking execs are taking part in the econalypse too, notably <a href="http://digitaldaily.allthingsd.com/20081113/dell-offered-voluntary-cto-separation-plan/">Kevin Kettler</a>, Dell&#8217;s (DELL) chief technology officer. A week after the computer maker began offering workers voluntary separation plans, Kettler decided to take the company up on it. No word on how many followed suit. Other victims of the  gloomy economy are <a href="http://digitaldaily.allthingsd.com/20081110/hear-that-its-blockbuster-sighing-with-relief/">Circuit City</a> (CC), which declared bankruptcy this week, and <a href="http://digitaldaily.allthingsd.com/20081112/welcome-to-the-sharply-lower-revenue-club-intel/">Intel</a> (INTC), which faced &#8220;sharply lower revenue.&#8221;</p>
<p>Media Memo presented a <a href="http://mediamemo.allthingsd.com/20081112/the-online-ad-slowdown-by-the-numbers/">handy index</a> of actual online advertising sales results (courtesy of Jupiter Media) and noted that the ad slowdown has hit <a href="http://mediamemo.allthingsd.com/20081110/ad-slowdown-finally-hitting-google-too/">Google</a> (GOOG), too. Nick Denton, Gawker Media publisher, <a href="http://mediamemo.allthingsd.com/20081112/gawker-medias-nick-denton-anyone-want-to-buy-a-blog/">folded Valleywag into Gawker.com</a>, the flagship blog of the media empire and, in an ironically appropriate move, put Consumerist up for sale. Denton, doom-mongerer of the econalypse, would surely appreciate the following layoff roll call: <a href="http://mediamemo.allthingsd.com/20081111/conde-nast-web-arm-condenets-turn-for-across-the-board-cuts/">Cond&eacute; Net</a> and Time Inc., not <a href="http://mediamemo.allthingsd.com/20081114/more-time-inc-cuts-instyle-web-exec-plus-reader-mail/">once</a>, but <a href="http://mediamemo.allthingsd.com/20081110/more-time-inc-layoffs-92-jobs-in-marketing-sales/">twice</a>. No, wait. <a href="http://mediamemo.allthingsd.com/20081110/time-inc-to-employees-want-to-quit-were-all-ears/">Three times</a>.</p>
<p>BoomTown was on a Yahoo (YHOO) roll this week, writing about the company&#8217;s <a href="http://kara.allthingsd.com/20081114/yahoo-layoffs-set-for-december-10-and-no-jerry-yang-is-not-leaving-too/">upcoming layoffs</a> and its <a href="http://kara.allthingsd.com/20081112/yahoo-stock-drops-close-to-the-perilous-10-mark-uh-oh/">stock plunge</a>. Just to squash rumors: Jerry Yang will not be laid off. Social media, mainly <a href="http://kara.allthingsd.com/20081113/is-social-media-killing-pr-or-maybe-vice-versa/">Twitter</a>, became a hot topic this week in terms of its effect on the PR industry, and BoomTown had something to say about it. Also noted was the good humor of <a href="http://kara.allthingsd.com/20081110/the-mobuzz-has-fallen-and-it-cant-get-up-saga-continues/">Mobuzz</a> video, which made a plea to its users to donate five euros apiece to keep it afloat. And in case you were wondering what makes BoomTown impatient, the main two things this week were Microsoft&#8217;s (MSFT) <a href="http://kara.allthingsd.com/20081110/since-microsoft-cant-pick-its-digital-head-boomtown-does-it-for-them-volpi-smith-armstrong/">continuing failure</a> to find a head for its digital business and <a href="http://kara.allthingsd.com/20081112/the-yahoo-aol-jabberfest-continues-ad-infinitum-plus-some-jerry-yang-chitter-chatter-on-video/">Yahoo/AOL&#8217;s failure</a> to make anything happen in the ongoing yawn-fest of a nonacquisition.</p>
<p>In Personal Technology, Walt Mossberg gave the lowdown on <a href="http://ptech.allthingsd.com/20081112/wi-fi-on-wheels-is-steady-but-has-a-speed-bump/">Wi-Fi for your car</a>, and in Mossberg&#8217;s Mailbox discussed <a href="http://mailbox.allthingsd.com/20081112/disabling-wi-fi-on-a-laptop/">disabling Wi-Fi on a laptop</a>. In The Mossberg Solution, Katherine Boehret reviewed the <a href="http://solution.allthingsd.com/20081111/flip-camcorder-goes-high-def/">Flip MinoHD</a>, the latest addition to the Flip family, and its first foray into hi-def.</p>
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