OH NO! Another one bites the dust. NY Times reports that Reader’s Digest Association is now laying off nearly 300 people. This is a national example of what we are seeing locally. Two weeks ago, The Boston Globe announced a layoff, this following the Boston Herald who had a round of job cuts last June. It’s not a good day to work in media . . .
Social networks are important in this economy. The jobless are turning to their networks in search of new jobs. Do you have a Facebook page yet? Are you on Linked-in? Do you Twitter? Just today I was asked by one Linked-In connection to introduce her to another Linked-In connection as a job prospect. If you are jobless in a social media world – all of a sudden, the time you’ve spent answering the question “What are you doing right now?” is paying off. In an article in Monday’s Boston Globe, David Scharfenberg writes about how the jobless can kill time making friends in a social media world. But can it pay off? Maybe this is where all the recruitment advertising went. . .
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Here is a WSJ article about the same thing! http://online.wsj.com/article/SB123103484826451655.html
NPR’s Marketplace had a great story about this – take a listen!!! http://marketplace.publicradio.org/display/web/2009/02/16/pm_social_network_layoffs/
Here is another one – from last month
http://www.nytimes.com/2009/01/31/business/media/31paper.html?_r=1