I’m concern of the current rate. Just started to quote some of the reports…

“New year’s resolutions for IT Pros in a Down Economy

Laying workers, yahoo, intel? This happened most often in October 2008 some are preparing for a break, uncertain economic future by cutting costs and focusing on efficiency. This has been achieved obviously achieved through layoffs. This is also common to web companies that require little physical capital. They burn rates quickly and dramatically.” quoted from ITWebPro

“Most common companies: Federated Media, AMD, Autodesk, O’Reilly Media, Google, Oracle, Motorola, Seagate, Lenovo, Dell, Logitech, Western Digital, Sun Microsystems, DivX, SanDisk, Sony, Yahoo, IBM Japan, NBC, Adobe Systems etc.” updated list can be found here: http://www.techcrunch.com/layoffs/

there are even some reports for plan furlough of california workers...

hope it will not happen in our country (Phil)