Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
File under: this has been a bad week for technology workers. As the economy continues to squeeze technology companies, staff are set to get crunched by swathing job cuts at BT, Sun and Yahoo!
Not everyone in tech is feeling the credit crunch pinch, in fact some
seem to be spending their way out of it like Symantec with the USD $695
million purchase of
MessageLabs.
Meanwhile, others are putting a brave face on
it and suggesting that the credit crunch will not impact upon IT spending.
Back in the real world, however, things seem very different. First BT
publish half year results and admit, according to Chief Executive Ian
Livingston that profits in
BT Global Services are "simply not good enough."
The BT solution appears to be slashing some 10,000 jobs over the next
few months, axing six percent of it's global workforce to be precise.
BT claims to have already got rid of 4000 staff, which leaves a further
6000 facing the chop before March.
Then came the news that Sun
Microsystems was also cutting jobs in order to improve the bottom line.
This time looking to axe anywhere between 15 and 18 percent of the
workforce.
That equates to as many as 6000 staff which will fall through the
cracks as the company restructures itself into three separate
divisions, breaking up the Software Group as it goes.
And now, the final hammer blow for IT workers in this trilogy of
turmoil, it seems that Yahoo! is also wielding the axe.
On December 10th it is set to cut the workforce by at least ten percent.
In actual numbers that works out to around 1500 people on a global
basis, as Yahoo! continues to lose share value and continues to look
for a buyer if all the rumours are to be believed. Maybe it should have
taken the Microsoft dollar
when it was offered.
David Bass
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