http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/ Engadget Comments for Ericsson slashes 5,000 jobs, blames Sony partnership http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 4:16AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 9:49AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 12:29PMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 22nd 2009 12:48AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 4:24AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/
But its bad.. For everyone, 1000 tech jobs in Stockholm going out on the market, will create a "snowball" effect where people apply for less qualified jobs to survice. I'm a consultant myself, self employed, dam!

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Good news is, its only 500 more and I am so glad I didn't start there when they offered me a position 7 months ago = )]]>Jan 21st 2009 4:49AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 5:20AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 5:27AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 5:32AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 5:56AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 8:54AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 6:04AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/
Sales are up 23% for Q4, 11% for the full 2008 year

Excluding restructuring costs, profits for Q4 are up 21%

Not exactly a gloomy picture! As a result, the stock is right now almost 14% up in Stockholm
]]>Jan 21st 2009 6:06AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 6:45AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 1:13PMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 4:12PMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 7:14AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 9:08AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 10:48AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 9:39AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/yes, but I don't think it will be newsworthy enough to be reported in the media, at least, I can't recall seeing Ericson or others being applauded for recruiting more people while they grew to the size they are reducing from today. Perhaps that's me not being observant though.

Will this recession leave a dent in the economy lasting for decades?....:
Or maybe there's no dent, maybe we are noticing the end of a lump of overly fast activity and it's just correcting to a more realistic level. For example, say I jog at 10 miles an hour or I sprint at 20 miles an hour. Yet for every half hour I sprint I have to rest for a half hour to recover. For the first half hour I look better as a sprinter, for the second half hour I wish I could continue from there jogging, but I have to recover. At the end of an hour, I've travelled 10 miles jogging or sprinting.]]>Jan 21st 2009 12:23PMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 9:43AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/
Three cheers for the Great Depression! Let's hear it!

Now go out and buy some gadgets and keep these people employed! Oh wait, then Engadget couldn't post these "funny" photos.]]>Jan 21st 2009 11:23AMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 3:41PMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 21st 2009 4:19PMhttp://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/http://www.engadget.com/2009/01/21/ericsson-slashes-5-000-jobs-blames-sony-partnership/Jan 22nd 2009 10:01AM