January 22nd, 2009
Thanks for all the fish - cash rich tech companies fire workers
It’s tough to be laid off, it must be tougher still to be laid off from a company with billions in cash — especially since you helped build that cash reserve.
Here is a list of cash (and debt) held by some our leading tech companies:
Microsoft (MSFT) $19.71 billion ($1.98 billion debt)
Google (GOOG) $14.41 billion (0 debt)
Intel (INTC) $11.84 billion ($1.99 billion debt)
Cisco Systems (CSCO) $26.7 billion ($6.87 billion debt)
Adobe (ADBE) $2.02 billion ($350 million debt)
Yahoo! (YHOO) $3.2 billion ($63 million debt)
eBay (EBAY) $3.64 billion (0 debt)
Apple (AAPL) $24.49 billion (0 debt)
Tom Foremski reports on the business and culture of Silicon Valley at the intersection of technology and media. He also writes at Silicon Valley Watcher. See his full profile and disclosure of his industry affiliations.
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| 01/23/09
