Monday, May 28, 2012

Challenger, Gray & Christmas: Job-loss rate slows in tech sector - Pittsburgh Business Times:

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Planned layoffs in the computer, electronic s and telecom industries during the recentlyt ended quarter fellto 33,891, comparef to more than 84,200 in the firsft quarter of the year, The job cuts in the past three months were roughly equivalent to the seconcd quarter of 2008, when 33,644 positions were Still, the combined cuts during the first six months of the year 118,108 – represented the worsty six-month total for the technology sector in sevenh years. And it was more than twicew the number of jobs lost betweenJanuar 1, 2008, and June 30, 2008, when 50,98 9 cuts were announced.
The bulk of the seconfd quarter cuts occurred in thecomputedr industry, with 19,881 layoffe planned, compared to 12,134 layoffds planned in electronics and 1,8756 layoffs planned in telecom. “Telecom and electronicas firms appear to be benefiting froma recession-defying wireless market. Betweebn the companies trying to outdo the iPhonre and those helping more and more Americanss disconnect their land linesfor cellular-only phone there are a lot of growth opportunities,” said John A. the company’s CEO.
“Computer firmws may lag a little as companiesz wait for more proof of recovery beforre they begin to reignite investments innew technologies, but the end of the recessio n should bring a flood of new spending in this area. Some firmx may even begin to invest early, in the hopes that productivity-enhancinb technology can temper the need to recruinew workers.”

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