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.