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Who is left to run Jefferson County?

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Jefferson County, which has become the poster child for corrupt municipalities getting burned by the credit crisis, let go two thirds of its employees today as it struggles to stay afloat, according to Reuters. Though Jefferson County is an extreme example, it’s a reminder of the very real pain local governments and economies feel when fund raising is no longer an option.

Times tough for info security guards

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Cyber attack protest in South KoreaWith all the cyberscare stories about North Korea making headlines these days, the last place you might expect to see job losses is among information security workers.

However, a survey by UK recruiters Barclay Simpson says the number of IT security professionals looking for work has risen 17 percent so far this year, even as the number of new positions has fallen by 57 percent.

No real estate revival for corporate lawyers

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The big corporate law firm Cadwalader, Wickersham & Taft isn’t expecting a rebound in the real estate market anytime soon, so it’s asking nearly three-dozen lawyers to take the next year off.

The New York law firm confirmed, in an email statement, that it has asked “34 lawyers to accept a one year, unrestricted sabbatical,” during which the attorneys will receive “one-third of their current compenstaion and medical benefits.”

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