Tuesday, February 03, 2015

Economy

Google to compete with Uber.

Microbreweries are another bubble business, and rainy weather may pop it.

Internet giants pay Adblock Plus to allow their ads.

Gallop explains that government's unemployment number is a lie.

In a sign of America's decline, chicken and pork have passed beef as America's top meat products.

OPEC predicts $200 per barrel oil.

IBM reportedly cutting 100,000 employees.
"At more than 100,000 people, it is projected to be the largest mass layoff by any U.S. corporation in at least 20 years. Alliance@IBM, the IBM employees' union, says it has so far collected reports of 5000 jobs eliminated, but those are just numbers of those getting official layoff notices. According to anecdotal reports, IBM appears to be abusing the performance appraisal system to cut additional employees without officially laying them off."
To avoid severance?
"When reached, IBM sent the following response: “We do not comment on rumors, even ridiculous or baseless ones. If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600 million charge for workforce rebalancing. This equates to several thousand people, a mere fraction of what’s been reported. Last year, IBM hired 45,000 people, and the company currently has about 15,000 job openings around the world for new skills in growth areas such as cloud, analytics, security, and social and mobile technologies. This is evidence that IBM continues to remix its skills to match where we see the best opportunities in the marketplace.”"
We'll see in a month.

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