» 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.
» 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.”
» Last week’s number was the highest since late January, and comes on the heels of electronics-giant Sony announcing 10,000 new layoffs as part of their “One Sony” initiative to turn around the company. (Yahoo also announced mass layoffs recently.) The new numbers follow a so-so monthly jobs report, released last Friday, which showed the economy had only added 120,000 jobs during March. That number was down from approximately 200,000 new jobs a month from December to February. It’s important to note that, prior to last week, this number — which changes weekly — was consistently hitting lows that hadn’t been touched since before the financial crisis in late 2008.