Hey Everyone,
I'm sure you've probably heard by now that Disney has decided to shut down the Go.com portal site they had going. The full article can be read below:
http://dailynews.yahoo.com/h/ap/20010130/tc/disney_internet_layoffs.html
Have any comments? Did any of you actually use them as your portal site? I never did. All I ever thought was that they had a pretty cool logo.
So, any opinions?
Justin Stayton - [email] [icq]
Parker posted this at 22:11—30th January 2001.
They have: 883 posts
Joined: Feb 2000
That stinks, I would search on them.
Rob Pengelly posted this at 22:56—30th January 2001.
They have: 850 posts
Joined: Jul 1999
Parker, 'I would search on them'?
Parker posted this at 23:36—30th January 2001.
They have: 883 posts
Joined: Feb 2000
Adam Oberdorfer posted this at 06:02—31st January 2001.
They have: 384 posts
Joined: Sep 2000
Was getting 300+ hits a day from them. To bad they decided to close.
JP Stones posted this at 11:12—31st January 2001.
They have: 2,397 posts
Joined: Nov 1998
will infoseek reappear?
JP
Ravi Pachai posted this at 13:59—31st January 2001.
They have: 433 posts
Joined: Apr 2000
yeah..I hope they don't decide to "Shut the site down", I think somewhere in that article they said it would still be there.
it's pretty sad..and Amazon.com announced that it was laying of 1,300 people..is it ever going to stop?
Ravi
Ravi Pachai
Justin S posted this at 15:02—31st January 2001.
They have: 2,076 posts
Joined: Jun 1999
I think laying off 1,300 people was a good move on Amazon's part. I mean, they also announced they they earned more this quarter, which is good. Hopefully they'll actually start turning a profit soon.
Justin Stayton - [email] [icq]
Ravi Pachai posted this at 16:28—31st January 2001.
They have: 433 posts
Joined: Apr 2000
May be good for the company but do you know what kind of effect all these layoffs will have on the economy? To date (I remember reading somewhere) that there have been 40,000 + layoffs in the internet industry..
In order to encourage spending interest rates will have to be cut further (all that Fiscal and Monetary policy stuff)...they can only cut the rates so much and these companies are continuing to lessen their employee force.
Ravi
Ravi Pachai
fairhousing posted this at 20:50—2nd February 2001.
They have: 1,589 posts
Joined: Mar 1999
capitalism, i love it, hehe.
Justin S posted this at 17:56—5th February 2001.
They have: 2,076 posts
Joined: Jun 1999
The economy was sky-rocketing because all these new dot-com companies were popping-up and giving people jobs, etc... Now all these companies are realizing they have no cash, so they're laying off people, putting the economy back into it's normal routine.
Justin Stayton - [email] [icq]
Ravi Pachai posted this at 19:23—5th February 2001.
They have: 433 posts
Joined: Apr 2000
normal routine? 40,000 people don't have a job, some of them will be able to go back to where they worked before but for the most part they wont. No the economy won't go back to it's "normal routine" whatever that is...companies invested billions of dollars, that loss has to be accounted for somewhere.
Ravi
Ravi Pachai
Justin S posted this at 20:20—5th February 2001.
They have: 2,076 posts
Joined: Jun 1999
Dude, take a chill pill. I don't know what your problem is, but TWF doesn't want to be known to have argumentitive Moderators.
I believe that the economy is just cooling off. Taking a break. Once people realize it's not as easy as 1-2-3 to start a dot-com company, they'll have to really start planning better. These 40k people who have lost their jobs can EASILY find other positions, since e-business is still on fire. I really think it's just a matter of time until we see the economy rebound.
Justin Stayton - [email] [icq]
Ravi Pachai posted this at 00:21—6th February 2001.
They have: 433 posts
Joined: Apr 2000
You're downplaying the situation very much probably because you weren't affected very much by it. Obviously you need to take a good look around you and really assess how the internet companies have effected the economy if you know anything at all about economics. I wish it were as easy to say..those 40,000 people will just find another job, it isn't. People loosing jobs make people wary of spending in the economy, less spending will ultimately lead to a recession (which is why interest rates were cut, to encourage spending).
There is a difference between argumentative and informative, you choose whichever you please.
[Edited by Ravi Pachai on Feb. 05, 2001 at 09:19 PM]
Ravi Pachai