Yes it's that time of the year when companies spill the beans on their restructuring plans and the trend seems to be retrenchment across the Tasman.
Fujitsu New Zealand managing director Bill Beale resigned and will be replaced by a country manager following a company reshuffle which sees other management responsibilities also be pulled back to Australia.
Fujitsu chief leaves with reorganisation - Computerworld
Hugh McKellar, general manager of ISP Asia Online has left, following a restructure which effectively makes the New Zealand operation a branch of Australia.
Asia Online confirms restructure - IDGNet
And following a lacklustre performance in the local market ERP software company Epicor has dispensed with a New Zealand office altogether.
Epicor closes office - Computerworld
Job cuts plague IT industry
In other parts of the world restructuring has come at a greater cost with thousands of jobs to be shed by Amazon, Lucent, AOL-Timewarner, and possible cuts by 3Com.
Lucent's Q1 loss brings 10,000 job cuts - Computerworld
3Com struggles mount, layoffs ahead - IDGNet
Web servers threatened by software glitch
And from the "geek info but absolutely vital to know" file came the news that vulnerability recently discovered in the software used in most DNS web servers may be the most serious security threat yet.
DNS software hole allows Web attacks - IDGNet