Ericsson to axe 1500 employees

January 26, 2010 · Filed Under News · Comment

Wireless equipment maker LM Ericsson AB announced on Monday the company’s plans to reduce another 1,500 employees this year after reporting a colossal 92 per cent drop in fourth-quarter profits as mobile operators slashed spending.

Ericsson reported that the company’s net profit in the October-December quarter was USD 43.4 million (314 million kronor). This was down from 3.9 billion kronor in the same quarter one year back. On the other hand the yearly profits dropped 67 per cent to USD 512 million, or 3.7 billion kronor.

For Ericsson, the quarterly sales were down by as much as 13 per cent to USD 8.1 million or 58.3 billion kronor as compared to the figures a year earlier. The sales for 2009 dropped by a per cent USD 28.6 million or 206.5 billion kronor from 208.9 billion kronor.

Tags: Ericsson, job, lay-off

Blogging can get you a job

December 12, 2008 · Filed Under Learning · Comment

Can there be anything better than getting paid to write on your area of interest with you alone calling the shots? Indeed, professional blogging is a fast-catching trend in the country. Although paid-for blogging is frowned upon in the blogosphere, individual bloggers are considering it a full career option. What’s interesting is that companies too are looking forward to recruit them.

Basically, blogging it is believed can get you a number of benefits. From the employers angle, it allows them to provide you to focus on your niche area of expertise and thereby an extension of your hobby. Reports state that for most companies and entrepreneurs, it becomes a social marketing tool or a way to engage with their internal and external stakeholders. Young brands make hay while the sun shines. Most of the youth oriented products are reached out to its target audience of fashion conscious youth, bikers etc through blogs and encouraged value co-creation by taking their feedback from the product design stage itself.

Moreover, reaching out to people across the world is something that professional bloggers derive a kick from, say sources. People know you through your blog. You can build partnerships with other bloggers and share communities with readers across the globe, says a professional blogger.

Tags: blogging, job, partnership