Sony Ericsson loses $387 million in first quarter and announces the restructuring plan to cut 2000 jobs.  

Yahoo is also expected to post a loss for the quarter and job cuts are on the the way for the internet search giant.  Check more here.

Toshiba posts loss, cutting jobs.  The company will cut 3,900 contract workers in Japan by March of 2010, according to company representative Hiroko Mochida. That is in addition to the 4,500 Japanese contract workers being cut that was announced last month.  This has long term implications... not completing the layoffs until 2010... and we're suppose to have a recovery by later this year?  Think again.

Oregon may have the highest unemployment rate in the nation.  The rate was reported at 10.7 percent in February, then climbed to 12.1 percent in March.  That's major job losses... back in January 2008 it was only 5.3 percent.  The Blazers are about the only thing to be cheery about in Oregon, hopefully Brandon Roy doesn't get laid off.  Maybe the NBA playoffs will stimulate something in this economy.