Next up: Bloomberg Business News

[2muchcoffeeman]

Bloomberg L.P., the financial news and data firm, said on Wednesday that it had cut 100 jobs, the first layoffs since it was founded by Michael R. Bloomberg 28 years ago.

A spokeswoman for the company, Judith Czelusniak, said the cuts had occurred in Bloomberg’s radio and television divisions, which are being reorganized around the world.

Most of those laid off are based in New York City, where Bloomberg has its headquarters. The cuts represent about 1 percent of the company’s more than 10,000 employees.

http://www.nytimes.com/2009/02/05/nyregion/05bloomberg.html

 

[Drip]

I'm really starting to believe that the vogue thing to do now is lay people off. Damn.

 

[SixToe]

I completely agree.

I believe some companies are laying off 10 or 15 percent because they can blame the economy and get away with it.

 

[Joe Williams]

Can't all these business geniuses get it through their heads that their "labor costs" are the next businessman's customers? And his "labor costs" are the first slob's customers? And so on?

They want to pay Third World wages, often literally, and sell at top-dollar U.S. prices. They also want to take home 500x what a front-line worker earns, until they golden-parachute out.

How's this working out for all of us?