I’ve heard from reliable sources that Burlington, MA Computational fluid dynamic firm Exa Corporation http://www.exa.com is laying off about 35% of the company — with a large portion of their business in the automotive space, it’s not surprising. Given that, revenues are way down. Some great software engineers at Exa.
Also a big rumour that startup Skyward Mobile http://www.skywardmobile.com is closing their doors. Last press release on the website is about 10 months old – NOT a good sign.
Also saw that Cisco has announced revenues and sales guidance that are pretty awful for 2009 – but no planned layoffs — and if there are — only about 10% of the worldwide force. This ‘spike’ in the recently filed UE numbers should settle down by April I bet… of course, the unemployment rate for Mass. will likely be 7.4% by then.