LayoffBlog.com

April 6, 2009

Technology job losses mount in 2009

In 2009, technology companies have been cutting jobs at a rate not seen since the fallout from the dot.com bubble.

Companies in the technology sector announced planned job cuts totaling 84,217 in the 2009 first quarter, according to the report released Monday by global outplacement firm Challenger, Gray & Christmas Inc. That’s up 27 percent from 66,312 in the previous quarter, and the largest quarterly job-cut tally for the sector since the fourth quarter of 2002, when 133,511 layoffs were announced.

First-quarter tech sector job cuts were nearly five times higher than the 17,345 cuts announced during the same period a year ago.

Source: Austin Business Journal

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

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