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recession

Amazon releases holiday sales report, laughs all the way to the bank

January 30th, 2009

What’s this, you say? News of a major retailer doing better than expected despite the tough economic times? We know, we know. It’s hard to believe, but some folks are weathering the economy’s downturn better than the media would have you believe. According to Amazon’s Q4 report from 2008, the company did pretty well during …

T-Mobile releases Q4 subscriber stats from 2008

January 29th, 2009

It’s no secret that 2008 wasn’t kind to most major corporations around the world. Unfortunately, as the year-end reports have been trickling in over the last couple of days, we’ve gotten a healthy look at just how bad many of our favorites fared. While T-Mobile has yet to release their actual financials, we’ll have to …

AT&T claims 1.9 million new iPhone 3G activations during Q4 2008

January 28th, 2009

First things first: 1.9 million activations is nothing to scoff at. It’s a huge number, and represents AT&T and Apple’s unquestionable success in the smartphone arena. Including the 4th Quarter results, the company can claim 4.3 million total iPhone activations since the introduction of the iPhone 3G, an impressive number by anyone’s standards and a …

Google downsizes, cuts Jaiku, Google Video, and more

January 15th, 2009

Contrary to popular belief, the mighty force that is the Google empire is not exactly recession proof. The company announced yesterday that it was laying off roughly 100 employees and making some pretty significant “alterations” to its product offerings. None of the major Google services (Gmail, Google Docs, etc) were affected, but a number of …

General Motors continues to falter; may discontinue Saturn

December 4th, 2008

Saturn’s slogan is now “Rethink”, but it’s beginning to look like the GM-owned automaker is taking that sentiment in a completely different direction. After making an effort to rebrand the Saturn line and produce a variety of attractive vehicles, General Motors might pull the plug on the 23-year-old auto line. With rumors of bankruptcies and …

Google is trimming “operational expenses”; read layoffs

November 25th, 2008

Regardless of how large, powerful and influential a company is, no one is recession-proof. Internet search giant Google has been laying off employees since this summer, and it has been doing so under the news radar for the most part. The SEC requires companies to disclose information regarding layoffs but apparently Google had slipped around …

Tesla Tastelessly Tosses Their Team

October 17th, 2008

If you thought breaking up over a text message was in bad taste, try empathizing with the Tesla employees who were just laid off… via a blog post! That’s right, 90% of the Tesla team in Metro Detroit were let go, but someone assigned to break the news didn’t have the guts to tell them. …