Saturday, January 24, 2009

Bad News for Jobs in Seattle

It's not a good sign that in the last 3 weeks all three Seattle icons have announced laying people off - especially since most of them are getting let go from the local headquarters. Not only do these layoffs make it harder for people to find a job, it cuts thousands of dollars out of our local economy which may snowball into more job losses. Our unemployment rate is already over 7% now - how high will it go?

Starbucks may let more go

Diane Daggatt, a managing director at McAdams Wright Ragen, wrote in a note to clients, "Locally, we're hearing another big round of layoffs is coming at SBUX. Perhaps 1,000 or one-third of SBUX's headquarters may be cut as well as some district managers and field employees, but not baristas.

Microsoft Pri0 | Microsoft cutting 1,400 jobs today; up to 5,000 in next 18 months as recession hits harder | Seattle Times Newspaper Blog

In a press release issued moments ago, Microsoft announced that it is cutting up to 5,000 jobs in research and development, marketing, sales, finance, legal, human resources and IT in the next 18 months, starting with 1,400 today.

It marks the first company-wide layoff in Microsoft's history and comes as the company reports fiscal second-quarter earnings that missed the low-end of its own guidance for sales and earnings per share. Its Windows business declined 8 percent as PC sales growth ground to a virtual halt in the quarter ended Dec. 31.

Business & Technology | Boeing plans workforce reduction of 4,500, with layoffs in second quarter | Seattle Times Newspaper

Boeing said Friday it will cut its Commercial Airplane workforce in 2009 by about 4,500 people, mostly in Washington State.

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