CTI group is cutting 53,000 Jobs.

Fidelity cuts 1400 jobs.

JpMorgan is about to cut jobs as well.

JPMorgan Chase (JPM) is considering cutting thousands of jobs on the scale of cuts at Citi and Goldman, the U.K.’s The Sunday Telegraph reported. If JPMorgan slashed 10% of its workforce as Goldman has, its headcount would decline by about 3,000.

Lowe’s sales drop considerably.
Wetwired may seem entirely too slow.  That is because our host go-daddy seems to think there was no problem when I reported it on Friday last week.  It took a phone call today for them to go “oh, yes we think there may be an issue..” No ETA, on how long it will take to fix the issue.

GM is still having issues but here is the thing, they have been pushing higher wages, out-dated tactics and vehicles, gas guzzler vehicles actually and on average the Unionized Auto Workers make WAY more than the rest of the industry. The big three auto industry pay $25/hr more than any of the other companies like Toyota.  Seriously, you’re making a GM Yukon and you make $73.00/hr?  No wonder the freaking thing costs $50,000.  They don’t need a bailout, they need restructuring.

Hosting
Now I am on a shared hosted enviroment which means a single server could host many other websites.  This is fine - I recognize there is not going to be lightning fast hosting this method.  On the other hand, when a website times out like wetwired has done over the weekend and this morning.  That’s when its not fine.

I guess the only news that brings a smile to my face is the fact that OPEC is trying to cut production again and guess what? The price of oil is still falling.

Tags: auto, godaddy, industry, jobs, webhosting
Posted in Politics, Wetwired News, news |

This entry was posted on Monday, November 17th, 2008 at 9:37 am and is filed under Politics, Wetwired News, news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.