Tech sector may lose 180,000 jobs (U.S.)

[OhioChick]

Source: India Times

15 Nov, 2008, 1022 hrs IST,AFP

WASHINGTON: The technology sector is on pace to lose 180,000 jobs this year, the most since 2003, amid a global economic downturn, according to a report.

Challenger, Gray & Christmas, Inc, a Chicago-based global consulting firm which tracks job-cut announcements, said telecommunications, electronics and computer industry companies had cut 140,422 jobs through October 31.

It said 69,654 tech-sector jobs had been cut in the third quarter of the year alone. That did not include major layoffs announced since October 31 such as the 5,000 to 6,000 job cuts at Sun Microsystems.

"At the current pace, the year-end total could reach 180,000, which would be the largest annual total since 2003, when technology firms announced 228,325 job cuts," it said.

A total of 107,295 tech-sector jobs were cut in 2007.


Read more: http://infotech.indiatimes.com/News/Tech_sector_may_los...

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Interesting to see who will benefit from these losses.

[ananda]

1. Mission Just About Accomlished..

.. before Bush leaves office, the people
are jobless, the economy ruined, all our
allies are on their knees.. so that Bush
can smirk happily in retirement and his
cronies can party hearty with all that
treasury loot.

[Azlady]

10. What frightens me is that he ain't done yet!

another 180,000 jobs... oh I am sure he will do all he can to increase that number before leaving office. This ride ain't over with yet. Geez, how many jobs are left in this field? 10? Okay, maybe 15... Grrrrrrr

[nbcouch]

2. Who will benefit?

Well now, who do you THINK benefits when labor costs are cut? Corporations and their major stockholders - that is your mantra for the beneficiaries of virtually anything that occurs under BushCo. The formula is simple. Let us hope that this circle soon will no longer be unbroken.

[shanti]

8. milton friedmann

is dancing in his grave!

[ihavenobias]

3. The numbers just keep growing.

[ksimons]

4. scary nt

[ChromeFoundry]

5. How come there are none of those people on this thread...

that like to call those of us wanting to keep jobs here- 'protectionists', 'xenophobes' and 'racists'? All I can say is the government and these corporations better put a stop to this type of shit soon or there will be a revolution.

[shanti]

9. ask the people in

chile, argentina, and uruguay how they feel about it!

[PSPS]

6. Are there that many left?

[OhioChick]

12. Good point. n/t

[D-Lee]

7. What impact on US foreign tech workers' visas?

This extract is from http://www.foreignlaborcert.doleta.gov/reg.cfm :

The INA directs the Secretary of Labor to certify that there are not sufficient workers who are able, willing, qualified and available and the employment of an alien will not adversely affect the wages and working conditions of workers in the United States similarly employed. The regulations of the Department of Labor delineate the specific rules to be followed for each program, which requires labor certification from the Secretary of Labor.

And are we going to have a "brain drain"?
(some links on immigration to other countries are here: http://www.immigration-usa.com/resource.html )

[glowing]

11. If we have no tech jobs or tech people, what kind of country will we become.

[OhioChick]

14. Not only tech jobs,

But also add to that our manufacturing (or lack thereof) as well as back office work, customer service call centers, radiology, etc. We can't survive much longer at this rate.....we'll end up entering 3rd world country status.

[undeterred]

13. Meanwhile, tech schools like ITT are still sprouting up

and enrolling more students in computer technology courses, gearing them to expect that they will pay off their student loans with $70K jobs upon graduation.

[fascisthunter]

15. Message to Americans from American Companies

"...go fuck yourselves!"

and those same people tell Americans the Unions are to blame while their CEO's, Executives and Board of Directors sip cocktails by a pool knowing that even when they fuck up, they will each retire with enough money to save hundreds of families from destitution.

[IDemo]

16. Better put a few hundred thousand more jobs on the boat overseas, and I'm sure things will pick up

“there is no job that is America’s God-given right anymore.” - ex HP CEO Carly Fiorina

“I don’t have to spend another dime in this country and Micron will do just fine.” - Micron Technology CEO Steve Appleton