Tuesday, June 24, 2008

Financial lay-offs could be worst since tech bust

Zerowait has seen a major uptick in our business since the financial problems began for the banks. Many CTO's and CFO's recognize that although they are locked into NetApp's proprietary solutions, they can extend the lifespan of their NetApp Equipment by calling Zerowait and intiating our affordable support for their NetApp equipment.

By Riley McDermid Last update: 8:45 a.m. EDT June 24, 2008
NEW YORK (MarketWatch) - Financial firms may lose as many as 175,000 jobs in the next 12 months, a reduction that could exceed even the worst layoffs after the tech boom imploded in 2000 to 2003, a news report said Tuesday. "The worst is yet to come," Russ Gerson, head of New York-based recruiting firm Gerson Group, told Bloomberg News. "We are going to have a major contraction. This is affecting all areas of the investment banking universe and it's affecting all areas globally." The market was roiled Monday by rumors that banks Citigroup Inc. (C:Citigroup, Inc and Goldman Sachs Group Inc may reduce their investment banking divisions by 10% as part of an effort by investment banks to reduce


As more of these companies are forced to lay off their experienced network engineers, Zerowait is increasingly handling more of their storage management and support requirements. To meet this demand for our services we are adding highly qualified network storage engineers to our staff . Providing affordable high quality service and support never goes out of fashion.

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