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Original post made by TechWorker?, Midtown, on Oct 7, 2008

Mercury news reported EBay laying off 1000 employees ... the recession/depression is going to hit out area bad, there is no doubt about it. Are the other giants (CISCO, HP) in a layoff mode as well? If they are not - when do you anticipate the tech giants will get into this mode .. my guess is the next quarter.

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Posted by Greg K
a resident of Downtown North
on Oct 7, 2008 at 12:03 pm

In mid-September, HP announced a layoff of 7.5% of their worldwide workforce (almost 25,000 people).

I haven't heard anything about Cisco. They are doing better than many other tech companies.

There are rumors that Yahoo is going to announce a big layoff soon.

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Posted by They will come
a resident of St. Claire Gardens
on Oct 7, 2008 at 7:09 pm

Another quarter maybe two .. the economic downturn will hit the hi-tech market real bad ..

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