China Financial News Headlines

October 19, 2008

Overseas Layoff: Actel Layoff, Invista Layoff, Internet Company Layoffs

Filed under: financial news — Tags: , , , — Nancy @ 9:34 pm -0500

Semiconductor Industry: Actel lay off 10% Employees
The semiconductor industry reported the news, Actel announced as scheduled to 10% employees within global scale, approximately 60 people.

80% of Layoff Planning beats up the Local Government
Invista intends to carry out restructuring plans to 80% employees. Invista said that this mainly caused the U.S. financial turmoil. At the same time, in pursuit of company restructuring, the company needed new technical staff and would introduce a number of new employees to work on the new job.

Ten Internet Companies claim to lay off in United States this month
U.S. financial crisis now sweeps across all sectors; the number of unemployed people has risen sharply. The Internet industry will naturally have no exception. In this month, ten internet companies, Appcelerator, Pandora, Hi5, Jive Software, Sirius XM, Redfin, Tesla Motors, AdBrite, Zivity, Seesmic, claimed to the employees in America.

Korean online games company lay off large-scale employees because of Poor performance
Because of poor performance, major South Korean online game companies have started to employees and stop the bad games:
▲ CJ network will dismiss most of the developers
▲ 40 people in Gravity resign, and the company will fire more than 40 people
▲ Over 100 people in Hanbitsoft has resigned in 4 months
▲ JC Entertainment, NCSOFT, and Webzen have laid off the employees or demission from employees.

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