lay off

California, August 18: Global Security Company, Lockheed Martin Corp (NYSE: LMT), announced Monday that it intends to cut as many as 800 jobs from its space systems division.

New York, June 17: Falling advertising revenue and loss of market share to rivals has prompted the social networking site MySpace to shed as many as 400 employees, or nearly 30 percent of its staff.

Sunnyvale, Calif., April 22: Yahoo Inc. (NADAQ: YHOO) reported Tuesday that its first-quarter net income slumped a whopping 78 percent.