Full Feed
Special Features
Black Friday 2009
Black Friday is almost here! Gadgetell's got you covered with all the latest news on who's offering the best deals. Dangerous crowds? You're on your own.
Palm Pre Information & Updates
Palm just introduced their next-gen smartphone, the Palm Pre, and next-gen operating system, Palm webOS. Gadgetell's got the latest Pre and webOS information and news for you right here.
A new report from the outplacement firm Challenger, Gray & Christmas has released figures that show that 84,217 people were laid off from the tech sector last quarter. This figure is five times the amount that was reported the previous year. The layoffs were also up 27 percent from the last quarter of 2008 and 12.7 percent more than all tech jobs lost in 2008.
The reporting firm splits the tech sector into three main categories: telecom, electronics and computer. While the telecom sector saw a small drop in layoffs this quarter, computer and electronics companies experienced big jumps. Challenger, Gray & Christmas expect the trend to continue as bigger companies take advantage of the recession by buying out smaller entities. Another factor is that IT spending will likely drop at least 3 percent this year.
The data is not very surprising considering that each week reports have been flooding in that more and more companies, including bigwigs Yahoo and Google have handed out pink slips. Also, the numbers are not near the layoffs that occurred during the dot.com collapse in 2001.
Read: [Washington Post]
Keep up with the latest gadget goodness! -
Subscribe to our feed