Dell: Stimulus package can be improved
An economic stimulus package going through the U.S. Congress has provisions that could start a trade war and fails to address U.S. competitiveness, Dell's chairman and CEO said Tuesday.
An economic stimulus package going through the U.S. Congress has provisions that could start a trade war and fails to address U.S. competitiveness, Dell's chairman and CEO said Tuesday.
An information technology think tank is urging Congress to devote $30 billion toward the IT industry, saying such a move will create or retain nearly 1 million jobs, more than half of them at small businesses.
Barclays is set to cut another 408 IT staff, in addition to the 1,800 announced last July, as the tough economy continues to squeeze UK banks.
Microsoft has discontinued negotiations over leasing a new office building in Seattle due to the deteriorating economic situation, it said.
A US federal economic stimulus package expected early this year from the administration of President-elect Barack Obama should boost the job prospects of IT professionals.
Hit by the global economic slowdown, Adobe Systems said Wednesday that it would cut 600 jobs and lowered its revenue expectations for the fourth quarter.
More IT jobs are under threat in the UK financial services sector as two leading banks, HSBC and Credit Suisse, announced plans to slash their workforce.