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June 4, 2012
17:21 // 1 year ago
May 30, 2012

Japanese electronics giant Olympus Corp to lay off thousands

  • 2,500 jobs cut to offset recent financial setbacks source

» The layoffs follow a recent settlement between Olympus and former-CEO Michael Woodford, who sued the company for unfair-dismissal following his firing in October 2011. Woodford is responsible for unearthing massive investor losses by the company, $1.5 billion to be exact, and is expected to receive just over $15 million after settling the matter out of court. According to local media, Olympus plans to cut most of the 2,500 jobs from its camera-making division.

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12:26 // 1 year ago
May 24, 2012
18:37 // 1 year ago

Employees on edge after Hewlett Packard layoffs report

  • 9,000 employees will be laid off before Halloween, according to an official statement released on Wednesday
  • 18,000 additional employees will be laid off by 2014, mostly from the Enterprise Services unit source

» So what about the remaining employees? No one is quite certain what plans CEO Meg Whitman has for the future of the company, though expectations are high considering her time as eBay’s chief executive. CareerBliss, a company with the stated goal of “helping you find happiness in the workplace”, says that employees have been less happy since Whitman became the company’s chief executive. Following reports of the layoffs, CareerBliss CEO and co-founder Heidi Golledge told Business Insider that honesty just might be the best policy. “This is a time for her and her team to be totally transparent,” said Golledge, adding, “HP employees need to be confident that the company has a future – and, just as importantly, that they have a future with it.”

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16:32 // 1 year ago
May 23, 2012
Boston startup looking to bring Netflix model to art world
Looking to fill your home with fine art without breaking the bank? While many have had success finding home decor with services like Paddle8 or Artsy, Boston-based start-up TurningArt hopes to revolutionize the art industry. The new company plans to use a $10 subscription model, not unlike Netflix, to allow customers to rent pieces of art. Customers may choose from a range of artists, and receive their chosen work(s) framed and ready to hang. Displaying pieces for long periods of time will net you credits, which can then be redeemed for discounts on future purchases, and users have the freedom to change the images displayed in their homes as often as they’d like. So, would you pay $10 for the ability to change the feel of your home as you please? (Photo via TurningArt) source
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Looking to fill your home with fine art without breaking the bank? While many have had success finding home decor with services like Paddle8 or Artsy, Boston-based start-up TurningArt hopes to revolutionize the art industry. The new company plans to use a $10 subscription model, not unlike Netflix, to allow customers to rent pieces of art. Customers may choose from a range of artists, and receive their chosen work(s) framed and ready to hang. Displaying pieces for long periods of time will net you credits, which can then be redeemed for discounts on future purchases, and users have the freedom to change the images displayed in their homes as often as they’d like. So, would you pay $10 for the ability to change the feel of your home as you please? (Photo via TurningArt) source

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13:27 // 1 year ago
May 22, 2012
19:56 // 1 year ago
9:13 // 1 year ago
May 21, 2012
21:42 // 1 year ago

More trouble on the horizon for JPMorgan Chase

  • last week A $2 billion trading loss, amid word the JPMorgan Chase pushed for a loosening of Dodd-Frank, led to the firing of Chief Investment Officer Ina Drew. The company also announced that Chief Executive Officer Jamie Dimon would testify before Congress.
  • this week The Commodity Futures Trading Commission is starting an investigation, too. Chairman Gary Gensler confirmed the existence of an “investigation related to credit derivative products,” at a Financial Industry Regulatory Authority conference.  source

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16:03 // 1 year ago
May 17, 2012
20:29 // 1 year ago