News

• US House passes $819 billion stimulus package

  The US House of Representatives has passed an US$819 billion economic stimulus package, with money for broadband deployment, health IT and a national electric smart grid included.

  By Grant Gross | 29 January, 2009 11:33

  Tags: financial crisis, USA government

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  Laid-off Nortel workers lobby for severance

  Workers laid off from Nortel are pleading with the company to restore their severance packages.

  By Jim Duffy | 29 January, 2009 08:18

  Tags: financial crisis, nortel

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  With global revenue dropping, Symantec posts big loss

  Symantec posted a big loss Wednesday, citing the tough economic climate, but the company's quarterly earnings still were better than analysts had expected.

  By Robert McMillan | 29 January, 2009 06:55

  Tags: financial crisis, symantec

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  Union: IBM layoffs now 4200 -- may go higher

  IBM's not-so-secret layoffs may have reached 4200 Tuesday, according to Alliance@IBM, which believes that thousands of other employees will be loosing their jobs as well before the cuts end.

  By Patrick Thibodeau | 29 January, 2009 09:31

  Tags: financial crisis, IBM

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  IBM CEO urges support of $825B US stimulus bill

  President Barack Obama's US$825 billion economic stimulus package got the enthusiastic endorsement Wednesday of IBM CEO and Chairman Sam Palmisano and other business leaders.

  By Patrick Thibodeau | 29 January, 2009 08:00

  Tags: financial crisis, IBM, obama

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  How companies are cutting costs

  Nearly half of companies working to reduce costs attempt to avoid permanent layoffs, according to recent survey results, opting instead to freeze salaries and cut travel expenses.

  By Denise Dubie | 28 January, 2009 05:26

  Tags: financial crisis

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  Qimonda's woes will zap gamers, PC and servers users

  The bankruptcy filing by Germany's Qimonda AG last week marks a first for a major technology company amid the current global economic downturn, and it likely won't be the last.

  By Dan Nystedt | 27 January, 2009 11:52

  Tags: dram, financial crisis, qimonda

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  Sony eyes innovative mobile products to beat slump

  Sony CEO Howard Stringer hinted on Thursday that the company has a number of new mobile devices in the pipeline.

  By Martyn Williams | 25 January, 2009 13:32

  Tags: financial crisis, financial results, sony

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  Sony slashes forecasts as global downturn hits home

  Sony revealed on Thursday the extent to which the global economic downturn is hurting its business, as it slashed its annual sales forecast by US$15 billion, reversed a forecast profit to a loss and readied its domestic workforce for job cuts.

  By Martyn Williams | 26 January, 2009 23:20

  Tags: financial crisis, financial results, sony

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  Report: Sony to shut Japan TV plant, cut financial forecast

  Sony will disclose on Thursday how a restructuring plan announced in December will hit its domestic operations in Japan, the Nikkei business daily reported Thursday morning.

  By Martyn Williams | 22 January, 2009 09:40

  Tags: financial crisis, sony

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  IT careers expected to survive global economic storm in 2009

  With an abundance of projects on the cards for 2009, the outlook for IT recruitment remains positive, according to Melbourne-based IT recruiter Peter Acheson.

  By Kathryn Edwards | 26 November, 2008 10:34

  Tags: employees, employment, financial crisis, it contracting

• Will technology drive global recovery?

  On November 6, Sam Palmisano, chairman, president & CEO of IBM, made an important speech entitled "The Smart Planet: The Next Leadership Agenda" at the Council of Foreign Relations in New York City. That speech is only now getting public press attention.

  By Frank Dzubeck | 20 November, 2008 07:04

  Tags: financial crisis

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  With Sun's job cuts, tech sector layoffs in '08 hit 140,000

  The economic downturn that has resulted in tens of thousands of layoffs in the housing and financial services sectors is now bearing down on the tech industry. The job cuts announced by Sun Microsystems on Friday are only the latest in the growing toll.

  By Patrick Thibodeau | 17 November, 2008 08:50

  Tags: financial crisis, job cuts

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  Auto industry bankruptcies could ripple through tech

  The auto industry has been offering US lawmakers an apocalypse-level scenario warning them that as many as three million jobs could disappear if automakers run out of cash.

  By Patrick Thibodeau | 13 November, 2008 09:26

  Tags: financial crisis, general motors

• IT pros tackle economic crisis head-on

  IT working closer with the business side to weather the storm; less emphasis on cuts.

  By Denise Dubie | 12 November, 2008 08:10

  Tags: financial crisis