Tech Layoffs on Big Q1 Upswing, Far Outpacing Average

Iria · Mar 25, 2009, 09:36 PM

When outsourcing consultancy Challenger, Gray & Christmas released its figures on job cuts in January and February, the numbers were depressing, with the two months figure almost double the same period in 2008 and close to the number of job cuts in the first six months of last year. But the picture is much worse for high tech, with layoffs in January and February almost quadruple those in the full first quarter of 2008 and far in excess of the portion of the economy that the sector represents.
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Source: BNet

Mar 25, 2009, 09:36 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Tech Layoffs on Big Q1 Upswing, Far Outpacing Average When outsourcing consultancy Challenger, Gray & Christmas released its figures on job cuts in January and February, the numbers were depressing, with the two months figure almost double the same period in 2008 and close to the number of job cuts in the first six months of last year. But the picture is much worse for high tech, with layoffs in January and February almost quadruple those in the full first quarter of 2008 and far in excess of the portion of the economy that the sector represents. ___________ Source: BNet