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07/13/2009

Tech sector job cuts slowing down significantly, Challenger reports

Techjob Job cuts announced by technology companies nationally “declined significantly” in the second quarter, “possibly signaling a turnaround for an industry that has been impacted heavily by the recession,” the Challenger, Gray & Christmas outplacement consulting firm said Monday.

 

“Planned layoffs announced by employers in the computer, electronics, and telecommunications industries totalled 33,891 in (the) quarter ending June 30,” Challenger said.

 

“That was down 60 percent from the previous quarter, when tech-sector job cuts reached 84,217, the highest level since the fourth quarter of 2002.”

 

In the second quarter a year ago,  the sector announced 33,644 job cuts, Challenger said.

 

* The computer industry announced 19,881 layoffs, a 37 percent drop from the first quarter.

* The electronics industry announced 12,134 layoffs, down 64 percent.

* Telecom announced 1,876 layoffs, down 90 percent.

 

Scott Nishimura, jobs and workplace reporter, Star-Telegram 

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It's too bad there are so many layoffs. The one good thing that can happen is if the people without jobs start creating their own business. We can start seeing some really interesting and creative business ideas in the near future.

Companies have cut too close to the bone and are now realizing that their 2009 and 2010 staffing plans are insufficient to achieve their organization and operational goals. This is especially true for technology departments - after all - software and technology support operations and are key to many strategic initiatives. Look for a rebound in technology staffing (onshore and offshore) prior to an economic recovery becoming apparent. http://kellyrshort.com

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