GW Bush

Bush is World"s #1 Terrorist

Tuesday, October 19, 2004

Job Market - s.f. bayarea forums - craigslist

Job Market - s.f. bayarea forums - craigslist

Tech sector job cuts up < SayHuh > 10/19 13:43:21

Nuff said...

Copyright 2004 U.P.I.
United Press International

October 18, 2004 Monday

Report: tech sector job cuts soaring

CHICAGO, Oct. 18 (UPI)

Announced job cuts in the U.S. tech sector soared 60 percent in the third quarter to 54,701, the highest figure since last year's fourth quarter cuts of 82,328.

The leading factor behind the increase was a dramatic 127 percent surge in the number of job cuts among computer firms, Chicago outplacement consultancy Challenger, Gray & Christmas said Monday.

Computer companies announced 30,624 computer job cuts in the third quarter, 56 percent of the 54,701 cuts in the technology sector, which includes computer, electronics, telecommunications and e-commerce.

Third-quarter technology cuts were up 60 percent from 34,213 job cuts in the previous quarter and were 14 percent higher than the 47,998 job cuts announced by the tech sector in the third quarter a year ago.

So far this year, high-tech firms have announced 118,427 job cuts, which account for 16 percent of the 724,320 announced job cuts in all industries through September 30. The percentage of cuts in high tech has increased since the second quarter when they represented 13.5 percent of all job cuts.

No comments: