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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (14200)	10/3/2002 7:20:03 PM
From: Lizzie Tudor	Read Replies (1) of 57684

EMC cuts 1350 jobs, or 7% of workforce. They must have about 19K workers or so currently, after this 17.5K? Last year (I read in another PR) they cut 5200 jobs in 2 different layoffs. There are usually a lot more people actually cut than these PRs indicate- software companies call them "performance related" rifs and all kinds of trickery like that. Still just taking this at face value it looks like EMC which is a very large company has cut 1/3 their staff. The applied people tell me after this next cut applied will have 1/2 staff levels from the peak. How can unemployment in SV stay around 10%, I have to wonder. Here's a cartoon I got from the cisco thread- www2.uclick.com

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