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Tech Job Layoffs Increased 12.3% In 2009

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grapharrowdown_160x120In a report released by Challenger, Gray & Christmas, Inc. tech job layoffs increased by 12.3% in 2009. There is a glimmer of hope though. The firm said the layoffs slowed down in the second half of the year and that the tech sector will be the first to see the effects of an economic turnaround. There were 118,108 job cuts between January and June and 56,521 in the last six months. Electronics firms cut 65,300 jobs, an increase of 55% from the previous year. Computer firms cut 65,261 jobs, the same as the previous year and the number of telecommunication job cuts fell 9.4% to 44,068.

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Authored by: Harrison Barnes