Tech sector job cuts slowing down significantly, Challenger reports
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