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First Bytes Layoffs Losses And Youtube

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by Laura Rich
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Jan 22 2009 9:23am EDT

First Bytes: Layoffs, Losses, and YouTube

Microsoft plans to cut up to 5,000 jobs. [AllThingsD]

Sony swung to a net loss of $1.65 billion, despite an earlier note that it would post a net gain of $1.65 billion. [Cnet]

YouTube expected to begin allowing major media companies to bring their ads with them, along with their content. [TechCrunch]

Employees say IBM is quietly laying off thousands of workers; in its earning announcement Tuesday, the company said it had planned to restructure. [WSJ]
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Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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