Tech employment lags in U.S., report says
Jack Kapica writes in The Globe and Mail:
U.S. technology companies have cut so many jobs that they are dragging the American economy down, an outplacement company says.
A report released New York-based Challenger, Gray & Christmas, Inc. says that technology is one of the few areas of the economy that has failed to add jobs consistently over the past 12 months.
In fact, the pace of job-cutting in the sector through the third quarter is almost 20 per cent ahead of 2004.
The report said that technology firms announced 41,439 job cuts in the third quarter, up 4.3 per cent from 39,720 in the second quarter. For the year, tech job cuts of 140,696 are 18.8 per cent higher than the three-quarter total of 118,427 in 2004.
posted by Fergie @ 10/18/2005 12:22:00 PM
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