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[Alex]

The economy and technology

We are currently living during extraordinary times; a subprime mortgage mess that has effectively put the entire world economy on hold.  Everything from neighborhood grocery stores to the biggest software makers are feeling the pinch.  Chipset makers to hardware provides are not immune either and are laying off employees left and right to help remain profitable.  The past few weeks have been brutal to tech industry employees.  Microsoft made a historic announcement and said that it will be cutting 5,000 jobs, Sony will cut 16,000 jobs, Seagate will axe 800 jobs, Google will remove 100 jobs, Logitech cuts 500 jobs and the list, unfortunately goes on and on with companies slashing jobs.   Read full story...

 


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