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20 January 2008

Another bursting bubble?

Sprint to cut 4,000 jobs | Tech News on ZDNet

Tip: Yahoo May Cut 1,500-2,000 Jobs Within 2 Weeks

Here, we have 2 huge companies that may soon be laying off as many as 6,000 workers between them. Is this the beginning of a trend? Even as companies like Slide report venture capital funding of $50 million and Facebook is somehow valued at $15 billion (even without a clear way to make money). So, we have $500 million widgets and $15 billion social networks, and 6,000 people out of their jobs. I'm no analyst, but I can see a storm a'brewin'.

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