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Microsoft Asks for Cash Back From Laid-Off Workers

Microsoft Asks for Cash Back from Laid Off Workers

If you've suffered the injustice of an unexpected layoff from your employer during these tough times, then our thoughts are with you. Even those of us who haven't lost our jobs have been affected somehow, and, sadly, Microsoft is doing its best to make sure that some of its former workers are more impacted than others. The company has sent letters to numerous laid-off people, indicating that the former employees actually owe the company money and are obligated to pay it back!

Microsoft is indicating that it accidentally overpaid a number of workers when sending them severance checks. The Redmond-based company followed up with memos indicating how much the ex-employees were overpaid and giving an address to which they can mail a check. No word on what happens if they don't pay the money back, but we doubt it's anything good. There is also no information on just how many folks received letters like this, or what the total overpayment was.

Regardless, it's a real kick in the pants for anyone still reeling from unemployment. But there is some good news. Apparently, some people were paid too little and will be getting a check. Perhaps, it all balances out. [From: CNET News]

Update: CNET is reporting that Microsoft is changing its tune and letting the workers keep the extra cash.

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Audio/Video, Televisions

Pioneer Ending TV Production?

Say it ain't so (again) Pioneer, Japan's Nikkei is reporting that despite planning a return to profitability by sourcing Panasonic plasma panels, facing a consolidated loss of 100 billion yen ($1.08 billion U.S.) it will end TV development and production entirely. The DVD business will be spun off into a new venture with Sharp as part of a plan to shed several thousand employees over the next year, including a shutdown of its Shizuoka plant, along with already planned closings in the U.S. and Europe. Honestly, we should have seen things were going badly when it let LaserDisc die, but the worsening economy may have proved too tough for the idea that its Kuro and Elite line of products would not be subject to the ups and downs of the economy.

[Via Gearlog, registration required on read link]

Computers

Desperate Wall St Housewives and Girlfriends Start DABA Blog



While their men sit in front of financial Web sites sobbing, Wall Street wives and girlfriends are now logging onto their own Web sites and commiserating, according to the London Times.

The blog, called Dating a Banker Anonymous, affords "DABA Girls" the opportunity to bemoan the dwindling passions (and allowances) they face in the wake of the economic downturn. Precariously perched between sarcasm and arrogance, the site's wit is undeniable, but its morality is questionable. One poster, under the alias "Jen," remarked, "I hope the government earmarked some bailout money for ex-DABA girls. Without my FBF [DABA slang for 'Finance-Guy Boyfriend'] subsidizing my lifestyle, I am seriously over leveraged with Saks," adding, "And I'm not talking about Goldman."

While it is easy to lambaste these women (and their male cohorts) as shallow and materialistic (if not delusional), it is more appropriate -- we think -- to look upon them as the embodiments of the United States' worship of wealth and its impending demise. We can only hope that, in light of the present economy, we here in the States can quit lusting after Paris vacations, coveting Paris fashions and -- above all -- admiring Paris Hilton. Maybe, then, we can again esteem those lamentably antiquated ideals of hard work, humility and charity. [From: DABA via London Times]

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