6 posts and columns on offshore

Goldman to Offer Facebook Shares Only to Non-U.S. Clients

in News on January 17, 2011 at 9:23 am PT

Goldman Sachs Group is excluding U.S. clients from Facebook’s private offering that could soar to as much as $1.5 billion because of “intense media attention.”

GSA Goes Google

in News on December 2, 2010 at 3:00 am PT

The General Services Administration–which oversees government procurement–will soon become the first major federal office to move to cloud-based office apps on an agency-wide basis. And it’s chosen Google Apps to do it.

News Byte

Announcing Google WindSense

in News on October 12, 2010 at 8:45 am PT

Google has announced plans to invest in the Atlantic Wind Connection, a project that will connect 6,000 megawatts of offshore wind turbines to the Mid-Atlantic power grid. In the blog post announcing the initiative, Rick Needham, Google’s green-business operations director, described it as a “superhighway for clean energy.” According to the Washington Post, the tech giant is part of a consortium of tech and investment firms involved in the project, the first phase of which is valued at $1.8 billion.

“Investing in Our People.” Is That Another Layoff Euphemism, IBM?

in News on March 3, 2010 at 4:41 am PT

So much for IBM’s lifetime employment concept. In 2009, the company sacked as many as 10,000 employees. Now comes word of thousands more losing their jobs in what the company likes to refer to as “resource actions.”

Black Thursday at Big Blue [UPDATED]

in News on March 26, 2009 at 7:13 am PT

The ax is indeed swinging at Big Blue. Following reports that it is preparing to cut thousands of jobs in its global services unit, IBM said Thursday it has begun notifying employees of what it likes to euphemistically refer to as “resource actions.” IBM refused to disclose the number of employees affected, but Lee Conrad, spokesman for a union group called Alliance@IBM, said at least 1,674 in the company’s Application Services unit will lose their jobs.
largest-axe3jpg

Black Thursday at Big Blue [UPDATED]

in News on March 26, 2009 at 7:13 am PT

The ax is indeed swinging at Big Blue. Following reports that it is preparing to cut thousands of jobs in its global services unit, IBM said Thursday it has begun notifying employees of what it likes to euphemistically refer to as “resource actions.” IBM refused to disclose the number of employees affected, but Lee Conrad, spokesman for a union group called Alliance@IBM, said at least 1,674 in the company’s Application Services unit will lose their jobs.
largest-axe3jpg