Posted July 11 SunRocket Inc., a Vienna-based Internet phone
service provider, laid off 30 employees, about
one-quarter of its work force in reaction to slowing
subscriber growth. SunRocket is the second-largest
provider of VOIP services behind Vonage but faces
increasing competition from other telecommunications
companies for market share. (The Washington
Post)
Posted July 10
Brenco Inc., a manufacturer of roller bearings
for rail cars, laid off 40 production employees at its
Petersburg plant, citing a downturn in North America
for railroad cars. ( Richmond Times-Dispatch)
Capital One Financial Corp., a McLean-based financial
services company, plans to lay off 1,000 workers by the
end of 2008 in a move to bolster its competitive position
in the financial services sector. The company did not
disclose where the job cuts would be made. The move is
in addition to 1,000 worldwide cuts previously announced. (
Richmond Times-Dispatch)
