While companies downsize for a plethora of business reasons — to reduce redundancy after a merger or acquisition, to revamp corporate strategy, or to improve the bottom-line — much of the current job shortage has direct links to the subprime mortgage collapse still reverberating across the country in 2008. Just a few days ago, Citigroup reported record losses ($9.83 billion in the fourth quarter) due to bad mortgage-related investments and loans and will reportedly be slashing 4,700 jobs. With housing prices nosediving and credit becoming ever more difficult to obtain, jobs in manufacturing and construction have been hardest hit, totaling 47% of mass layoffs last year. White-collar jobs are hardly any more secure. Companies that service the housing industry (insurance, mortgage, real estate brokers and banks) were quick to downsize; jobs from media and technology to the usually strong biotechnology/pharmaceuticals also followed suit as a reaction to weak performance in a … [Read more...] about Top Jobs 2008: A Guide to Layoff Survival
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Although the U.S. Department of Defense and the National Security Agency have made some efforts to address space cybersecurity, the pace has been slow. There are currently no cybersecurity standards for satellites, and there is no governing body to regulate and ensure their cybersecurity. Even if common standards could be developed, there are no mechanisms in place to enforce them. This means responsibility for satellite cybersecurity falls to the individual companies that build and operate them. … [Read more...] about What happens when all the tiny satellites we’re shooting into space get hacked?
Some suppliers have also said that the Chinese company has requested them to delay cargo deliveries India, which recently commissioned an LNG terminal, has some scope for more purchases, but experts say even with LNG prices so low, India's poor infrastructure facility and lack of a pipeline and distribution network will not allow to buy what it could have. … [Read more...] about Explained | Why LNG prices are falling and what’s the outlook
They don’t waste company resources “The downside to making everyone in your organization a chief,” venture capital Russell Fleischer previously wrote for Fast Company, “is that it easily slows down decision-making.” In other words, more people means more bureaucracy and more havoc. “I’ve seen CMOs, for example, decide they need to be involved in various sales initiatives because they carried a weightier title than their peer running sales day-to-day,” wrote Fleischer. “Lacking expertise but flexing their titles, these chiefs can derail otherwise smooth-running processes.” … [Read more...] about You don’t have to have a big team to achieve big things