Graphics chip developer Nvidia plans to lay off 6.5 percent of its workforce, the company announced Thursday.
About 360 people worldwide will lose their jobs by the end of October, Nvidia said. The Santa Clara, California, company plans to offer severance, counseling and job placement services for the affected workers.
Before I go any further, Ben still has his job.
This news was a total shock to me (to Ben too but I’ll let him expound if he feels like it and this will be MY reaction). If freaks me the hell out. 24,000 people at HP laid off, Ebay talking about laying people off, AOL, AMD, even small companies like BitTorrent. The really scary part about this is that the Bay Area job market is becoming saturated with qualified
people geeks looking for work so the jobs that are out there are going to be snatched up fast.
I’m not even sure what more to say… I can’t imagine what all these families are going through. I’m scared for them and I’m scared for us and for you and for EVERYBODY. As we watch the stock market crash more every day, retirement accounts fail, house after house foreclose and thousands of people getting layed off I’m really hoping that there is a turning point soon because how much more of this can happen before desperation sets in?
I dunno, I’m sorry this is so down and depressing but it’s been weighing heavily on my mind all night and I’m just not sure how to work through this. Usually writing is helpful but even that hasn’t worked so I’ll just sign off here and say to all the families out there that have seen a loved one fall to one of these layoffs: We are thinking about you. I can’t offer you any more than that. We are here, we are worried, we are behind you, we care, stay strong.
5 thoughts on “The road that is built in hope is more pleasant to the traveler than the road built in despair, even though they both lead to the same destination.”
It depresses me too. The current economy is in huge trouble and everyone is just ignoring it. Nothing is being done about it. It scares the hell out of me.
It really IS scary, especially when you think about all of the families over there that rely on those techie/geek jobs. I’m glad you guys haven’t been affected. Stuff like this is why I haven’t really made the effort to get another job. Most of them are in the civilian sector, which isn’t doing so well; at least by staying in the defense industry, I know I’m a little bit safer from layoffs and budget cuts.
I’m worried about what will happen in the next couple of months, as well as into the next couple of years. We need to bounce back and get our shit together before we put ourselves into another hard-hitting Depression.
It all scares me as well. It scares me even more that no one who can do anything to turn this around is doing anything. Right now we are like a ticking time bomb.
I agree, it’s very frightening when things like this happen. It’s happening in different business all across the US. Especially with the way the Stock Market has been dying.
Branden told me last night he heard on the news about the government doing one last-ditch thing to pull us out of our recession, and if it didn’t work, we’d see another depression. I guess we’re about due for one, sadly.
I’m glad that Ben still has a job. Most especially because you just got your house and I would hate for something to happen to it. 🙁 We have to worry about Branden losing his job every day because he’s still just a temp and there’s no guarantee for tomorrow.
It’s all just really depressing.