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	<title>AllThingsD &#187; Department of Labor</title>
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		<title>Econalypto: A Rightsizing Roundup</title>
		<link>http://allthingsd.com/20090127/econalypto-redux/</link>
		<comments>http://allthingsd.com/20090127/econalypto-redux/#comments</comments>
		<pubDate>Tue, 27 Jan 2009 13:24:19 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=11922</guid>
		<description><![CDATA[With IBM quietly contributing another 2,800 or so employees to the next Bureau of Labor Statistics Unemployment report, this seems like a fine time to pay respects to those who’ve gone before them. And there are many. In the past six months, thousands of workers have been right-sized and offboarded. Rebalanced and rationalized. “Smartsized.” Sacked. A quick scan of the carnage.]]></description>
			<content:encoded><![CDATA[<p><a href="http://digitaldaily.allthingsd.com/files/2008/12/econalypto.jpg" rel="lightbox"><img src="http://digitaldaily.allthingsd.com/files/2008/12/econalypto-202x300.jpg" alt="" title="econalypto" width="202" height="300" class="alignright size-medium wp-image-8951" /></a>With <a href="http://digitaldaily.allthingsd.com/20090127/so-much-for-ibms-lifetime-employment-concept/">IBM quietly contributing another 2,800 or so employees to the next Bureau of Labor Statistics Unemployment report</a>, this seems like a fine time to  pay respects to those who&#8217;ve gone before them. And there are many. In the past six months thousands of workers have been right-sized and offboarded. Rebalanced and rationalized. &#8220;Smartsized.&#8221;</p>
<p>Sacked.</p>
<p>A quick scan of the carnage.</p>
<ul>
<li> <a href="http://digitaldaily.allthingsd.com/20090126/sprint-nextel-to-cut-8000-jobs-palms-hopes-for-a-comeback/">8,000</a> whacked at Sprint (S)</li>
<li><a href="http://digitaldaily.allthingsd.com/20090126/philips-to-release-6000-employees-into-wild/">6,000</a> let go at Royal Philips (PHG)</li>
<li><a href="http://digitaldaily.allthingsd.com/20090116/amd-putting-the-micro-back-in-advanced-micro-devices/"> 1,100</a> sacked at AMD (AMD)</li>
<li><a href="http://digitaldaily.allthingsd.com/20090114/well-motorola-picked-a-great-time-to-announce-more-layoffs/">4,000</a> adjusting to new economic realities at Motorola (MOT)</li>
<li><a href="http://digitaldaily.allthingsd.com/20090112/seagate-defrags-ceo/">3,000</a> laid off at Seagate (STX)</li>
<li>And <a href="http://digitaldaily.allthingsd.com/20090112/oracle-layoffs-hundreds-not-thousands/">a few hundred</a> at Oracle (ORCL), as well</li>
<li><a href="http://digitaldaily.allthingsd.com/20090108/there-once-was-man-named-dell-who-told-1900-workers-go-to-hell/">1,900</a> declared redundant at Dell (DELL)</li>
<li><a href="http://kara.allthingsd.com/20090122/microsoft-earnings-and-revenues-take-a-big-hit-5000-to-be-laid-off/">5,000</a> losing their jobs at Microsoft (MSFT)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081212/alcatel-lucent-lets-get-small/">1,000 managers and 5,000 contractors</a> pink-slipped at Alcatel-Lucent (ALU)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081209/yahoo-lets-eat-and-drink-for-tomorrow-your-jobs-die/">1,500</a> gone at Yahoo (YHOO)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081204/att-announces-q4-morale-reduction/">12,000 released into the wild</a> at AT&#038;T (T)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081203/adobe-announces-q4-morale-reduction/">600</a> cut loose at Adobe (ADBE)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081114/sun-to-stop-christmas-from-coming/">6,000</a> aligned with the global economic climate at Sun (JAVA)</li>
<li>And at Nortel (NT) <a href="http://digitaldaily.allthingsd.com/20081110/nortel/">1,300 positions</a> cut on top of the 1,200 previously announced</li>
</ul>
<p>Grim isn&#8217;t it? Sad thing is, this is just a simple snapshot of what&#8217;s been happening in tech. According to the Department of Labor, employers in the states shed 524,000 workers in December, 2.6 million in all of 2008. That makes the last year the worst for layoffs since 1945, when 2.75 million jobs were lost.  And that&#8217;s frightening, because according to some experts, we&#8217;ll get no respite in 2009. &#8220;We are very early in the cycle,&#8221; <a href="http://www.businessweek.com/bwdaily/dnflash/content/jan2009/db20090126_509671.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis">Peter Morici, a professor at the Robert H. Smith School of Business at the University of Maryland told BusinessWeek</a>, adding that we&#8217;ve so far only seen a sliver of the job losses to come. &#8220;We are going to see the fury of the Old Testament for what we have done to the economy.&#8221;</p>
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		<title>Welcome to 1945&#8230;</title>
		<link>http://allthingsd.com/20090109/welcome-to-1945/</link>
		<comments>http://allthingsd.com/20090109/welcome-to-1945/#comments</comments>
		<pubDate>Fri, 09 Jan 2009 14:35:07 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=11025</guid>
		<description><![CDATA[The market was expecting the worst in the government's latest monthly employment report and it was not disappointed. “Job losses were large and widespread across most major industry sectors,” the U.S. Department of Labor’s Bureau of Labor Statistics reported Friday. The U.S. economy lost 524,000 jobs in December, closing out the worst year for job attrition since World War II, according to the BLS. Total job losses for 2008: 2.6 million, the largest decline since 2.750 million jobs were lost in 1945. A 16-year high. Congratulations, folks....]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/01/2_great_depression-300x224.jpg" alt="" title="2_great_depression" width="300" height="224" class="aligncenter size-medium wp-image-11026" />The market was expecting the worst in the government&#8217;s latest monthly employment report and it was not disappointed. &#8220;Job losses were large and widespread across most major industry sectors,&#8221; <a href="http://www.bls.gov/news.release/empsit.nr0.htm">the U.S. Department of Labor&#8217;s Bureau of Labor Statistics reported Friday</a>.</p>
<p>The U.S. economy lost 524,000 jobs in December, closing out the worst year for job attrition since World War II, according to the BLS. Total job losses for 2008: 2.6 million, the largest decline since 2.750 million jobs were lost in 1945. A 16-year high. Congratulations, folks&#8230;.</p>
<p>Suffice to say, that&#8217;s quite a bit more than some economists were expecting. And that&#8217;s an ugly, ugly number, 2.750 million jobs lost. With the national unemployment rate rising to 7.2 percent during December, the first quarter of 2009 is also looking pretty bleak. &#8220;The job situation is ugly and is going to get uglier,&#8221; <a href="http://www.reuters.com/article/companyNewsMolt/idUKWEN227520090109"> Richard Yamarone, chief economist at Argus Research, told Reuters</a>. &#8220;There&#8217;s no reason to expect hiring anytime in the next three to six months. We are not going to see any hiring until the government steps in and acts. Talk doesn&#8217;t work.&#8221;</p>
<p>Robert Barbera, chief economist at the Investment Technology Group, was even more pessimistic&#8211;if that&#8217;s possible. “I would suspect that starting this past October and lasting through April, we will have really big job losses,” <a href="http://www.nytimes.com/2009/01/10/business/economy/10jobs.html">he told The New York Times</a>. “We are not yet near the numbers of those earlier recessions,” he added, referring to the downturns of the mid-’70s and early ’80s, &#8220;but five more months like what we have been having and we’ll be there.”</p>
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