Virtual tractor market crashes; real people get crapped on

"There are more tractors sold in Farmville every day than are sold in the US every year." Fred Wilson, VC and principal at Union Street Ventures, December 30, 2009. Yesterday: Zynga lays off 520 people.

Sharp sharpens up its act

Sharp has announced that it has made Kozo Takahashi its new president and CEO.

Sharp slashes 5,000 jobs

Sharp is planning to let go 5,000 workers over the next three years. Most of the cuts are expected at overseas plans in China and Malaysia. 

Layoffs hit PopCap, Nintendo Power mag is no more

PopCap - which recently eliminated 50 jobs from its Seattle branch - is currently mulling over the possibility of closing its Ireland studio.

RIM's future in doubt as financial warning issued

Research In Motion is set to announce that it's sitting on a pile of unsold Blackberrys worth more than $1 billion.

Sony-EMI deal expected to win approval today

A Sony-led consortium is set to get the green light from European regulators for its takeover of EMI's music publishing business.

Blizzard cuts 600 jobs

World of Warcraft creator Blizzard Entertainment has announced that it's to lay off 600 staff worldwide.

Adobe scraps mobile Flash

Adobe's reported to have halted development of Flash Player for browsers on mobile devices.

AMD layoffs reverberate across Silicon Valley

AMD is implementing a massive "restructuring plan" in an effort to improve its competitive positioning.

NASA braces for massive layoffs

Now that the final NASA space shuttle mission has ended, the agency is tasked with the daunting responsibility of laying off approximately 3,200 contractors.

Nokia offloads Symbian, axes 7,000 jobs

Nokia's recent adoption of Microsoft's Windows Phone 7 platform has prompted the Finnish-based company to eliminate 7,000 jobs and offload development of Symbian to Accenture.

Yahoo trims out the dead wood

Yahoo's believed to be planning to shut down half a dozen of its services, including AltaVista and Delicious, following the announcement of nearly 600 layoffs.

Yahoo vs. Best Buy: How not to screw your employees on Christmas

Yahoo is slated to execute layoffs today and Best Buy just announced troubling results from last quarter.

Second Life to become browser-based as Linden restructures

Second Life creator Linden Lab is making some big changes, announcing plans to make its virtual world browser-based - and laying off 30 percent of its staff.