Bank of America Slashes 35,000 Jobs in 3 Years

This one hit me hard in the chest.  I must say this was a big surprise to me and others but it looks like Bank of America is going to cut 30,000 to 35, 000 Jobs in the next 3 Years.   I'll will quote Huffinton Post:

NEW YORK — Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.

[Via Huffinton Post]

[ad#ad2-right]Now this one will affect the Whole US and some other International in the coming years. It is based on the Economic Stresses we are getting hit with right now. I am saddened and disturbed by how many people have loss there jobs. I have lost count as to how many people have losed their jobs over this economic downward spiral as Jason Calicanis once said. I can only hope that we can get up after this and fix what went wrong in the first place. I also know that it is quite hard to get hired in this day and age. So what is to become of the hard working men and women? Will the Government have to pay for housing for even more people? These are all questions we must answer soon in order to prevent a disastrous depression.

CBS Confirms the Axe of Layoffs for CNET

CBS throws the gauntlet and says in a statement :

CBS Interactive continues its integration process, which now calls for the further combination of several portions of the division into unified groups oriented around similar content. This important move allows us to better align our premium content for our audiences and our advertisers, and also results in reduction in certain areas that are now duplicated in the new organization structure. We believe these moves are necessary to continue building CBS Interactive into the most creative, most efficient, most profitable and fastest growing Internet company in the media business.”

[ad#ad2-right]Now I can Only guess as to what they will re-organized but if it is anything like Jeff Gerstmann and how we heard people might resign over that little fiasco. I'd give the likely hood of several people from Gamespot and Probably even more people from C-NET. I don't know who they will lay off but I do know they are going to re-organization. You will probably have to pay for content from them in one way or the other. This is somewhat not un-expected due to the Economic Stress we are currently in and Probably will be for some time.

If I hear what happens I'll will update my post and all.  If you want to check out the other lay offs in the technology industry please feel free and click here.   I am sure to have more in the coming months.   Time is the only constant and will always be moving forward.