Edit: FTE's seem safe for the moment.
They seem to think that by outsourcing work to overseas mills that they can save money. Sales and support aside, it's the companies that are outsourcing engineering that are really hurting.
I love it when someone emails support and gets an answer like "plz read wiki"... and then you realize the person that wrote that is a white dude from Chicago that speaks no languages other than English. I can forgive lazy writing if English is not your first language. But if it's your only language, please spell please correctly and use "the" when appropriate. A complete sentence would also be nice.
But I digress.
Edit: details
Sad, but seems to be the trend.
(Not criticizing what you said directly, just reacting to that term.)
Employers like to use "lay off" to imply that it was not the fault of the management team, it's not because they're bad guys, it's just the unfortunate reality. That's partly true, it's partly bullshit, and the fact is that it affects people profoundly, and calling it a "lay-off" doesn't help things.
Employees who have been terminated like to use "lay off" to imply that it wasn't their fault, to avoid impacting their hireability. But if the ex-employee had been a net asset, they wouldn't be laying that ex-employee off, unless they were liquidating the entire company.
In practice, lean times give management, whether soft-hearted or black-hearted, an opportunity to make hard calls, in the equityholders' favour, at the expense of the employees. You can like that, hate that, whatever.
I prefer to eschew both "lay off" and "fire", and use the word "terminate", as in "one employee was terminated yesterday, and two thousand were terminated at some point last month". I do this in the hopes of being starkly clear about the simple fact of the termination, and avoiding the sugar coat. You can also use "terminated with cause", which is a legal distinction in some jurisdictions, and I think it's an interesting one.
Oh, but... if I wanted to start a thread that contrasts threads called "who's hiring", then I'd be clever and rhyme and call my thread "who's firing". And if I were responding to that thread, I'd use the word in the topic question. And I wouldn't whip out the pedantry unless someone else did it first.
end-of-rant
Much of it has to be done before the end of the year, per the US government. Haven't dug into why that is the case just yet, but I'm aware of much going on with said health insurer.
Limewire had a big judgment against it recently. They have another product in the works, but they may be doing some downsizing.
Sorry for the lack of sources. I'll try to come back with them later.
Every company should be ready to do a firing if it's required that the employee and the company part ways.
http://kara.allthingsd.com/20101130/yahoo-layoffs-coming-dec...
I imagine other states have their own listings as well.
http://www.myfoxtwincities.com/dpp/news/lockheed-martin-clos...