LayoffBlog.com

February 17, 2009

Tech Layoffs Surge to 300,000

Layoffs in the tech sector are accelerating. It took exactly three weeks for tech layoffs to surge to 300,000, according to the Washington Post’s Layoff Tracker. Since late January, when the tracker hit 200,000 layoffs, another 100,000 job eliminations have been announced or completed. In contrast, it took five weeks for layoffs in the tech industry to hit the 200,000 mark, and >=four months for layoffs to hit 100,000 last December.

The past few weeks have particularly brutal for the technology space, with substantial layoffs announced by Pioneer (10,000), Cisco (3,000), Panasonic (15,000), NEC (20,000), Electronic Arts (1100) and AOL (700).

Source: The Washington Post

2 Comments »

  1. This thing is really picking up speed, especially in Japan. The Japanese industry is hit very hard and the vertical technology companies suffer most.

    Comment by myphotoscout — February 17, 2009 @ 7:01 pm | Reply

  2. Now China will follow.

    Comment by DF — February 17, 2009 @ 10:27 pm | Reply


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: