It has been just over a year since Wall $treet and the Bankers lead the global economy to the edge of collapse. Thanks to Obama-money our money Wall $treet and the Bankers are making million dollar bonus’s again, so all must be right in the economy right?
According to my information, nearly 550,000 tech related jobs have been eliminated since October 2008. January 2009 saw almost 164,000 jobs eliminated by the biggest names in tech. Ericsson. Google, IBM, Intel, Microsoft, NEC and Sprint-Nextel all eliminated 5,000 or more jobs in January 2009. While this is old news, unless you are still trying to live through one of these “right-sizing” it is also important because we are coming back around to the lay-off season.
This year’s lay-off season is trending upward after several months of decline. From a record high in January tech layoffs declined to a modest 4,336 layoffs in June 2009. Since reaching that bottom the tech layoff rate has increased to levels not seen since May 2009. August 2009 had almost 5,000 layoffs. The number of layoffs in September doubled to 10,246. The trend has been increasing since with 12,704 layoffs in October and in the first half of November, there have been already been 12,749 layoffs. Some opf the same firms that had “resource reduction actions” in January hade laid off more people in November, including Ericsson (700), Microsoft (800) and Sprint-Nextel (2,500).
It appears to me that despite Wall $treet bonus’s. the rest of us are still in for at leat 12 more months of questionable job prospects
