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Tech job cuts show Q2 dip, study says - Computerworld July 27, 2005
Posted by Guy Cook in : Internet , trackbackTech job cuts show Q2 dip, study says - Computerworld: “Tech job cuts show Q2 dip, study says
But compared to last year, job cuts are still up by 16%
News Story by Todd R. Weiss
JULY 15, 2005 (COMPUTERWORLD) - With cautious optimism, outplacement services vendor Challenger, Gray & Christmas Inc. announced yesterday that second-quarter tech job cuts in the U.S. were down 33% from the previous quarter. But it said the cuts were still running 16% higher than in the same quarter one year ago.
In its latest quarterly job-cut survey of the telecommunications, computer, electronics and e-commerce sectors, the New York-based company reported 39,720 lost jobs for the quarter that ended June 30. That’s down 33% from the 59,537 jobs lost in the first quarter, which ended March 31.
The job cuts for the second quarter, however, were still 16% more than the 34,213 cuts announced in the same quarter a year ago, the company said. For the first six months of the year, Challenger, Gray & Christmas reported 99,257 tech job cuts; That’s up 56% over the 63,726 cuts recorded in the first half of 2004.
Cuts in the technology field accounted for 18.4% of all of those announced in the first six months of 2005, the company said. One year ago, tech job cuts represented 13% of the six-month total.
The most recent job losses took place largely at computer firms, which have seen weak demand for semiconductors as well as an apparent reluctance to invest in new technology on the part of corporate customers, according to the survey. Job cuts in the computer sector totaled 20,470, or 51.5% of “
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