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

January 21, 2009

Yahoo cuts 20% of French Staff

Filed under: IT,worldwide,Yahoo — 7macaw @ 8:15 am
Tags: , , , ,

Yahoo (NSDQ: YHOO) is cutting about 52 staff from its 251-strong French operation under the group-wide reductions announced from the company’s Sunnyvale headquarters in October.

The engineering staff is taking a big hit from the restructuring, as Yahoo’s French sites carry proportionally more engineers than other locations, the company told AFP: “The category of engineers is the most affected by the cuts at the global level.” The cuts will come from both of Yahoo’s French sites, in Paris and Grenoble.

Source: paidContent.org

January 12, 2009

California IT Layoffs Continue in 2009, may be linked to lawsuits

Filed under: FYI,unemployment,US — 7macaw @ 8:08 am
Tags: , ,

United Employees Law Group’s attorney Walter Haines suspects a correlation between California layoffs and California class action lawsuits regarding California meals and breaks and the failure to pay California overtime. “With an increase in the California unemployment rate in the computer sector, California IT layoffs are inspiring software employees to become more aware of California labor laws. Many are finding they may be entitled to back California overtime pay. If entitled these employees can go back and collect their overtime pay for up to four years, even if they do not have record of the hours they worked.”

United Employees Law Group, PC, continues to file California overtime pay class action lawsuits against some of the nation’s largest computer companies.

Source: PRWeb

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