Tuesday, June 05, 2007

A grim time with tech sector lay-offs?

While some companies are still interviewing people for new jobs and growth, we have had a slew of layoff announcements in the last weeks. Some examples that come to mind are:

1. Motorola axes 4000 jobs

2. IBM cuts 1570 jobs

3. Dell removes 7000 jobs

Add this to Bernanke's recent comments on interest rates and the persistence of slump in the housing market, it calls for a cautious approach to the near future.

1 comment:

KyleH said...

Not all of the news is bad. Micron is hiring, See Warner: 860 High Tech Jobs Coming to N. Va. and also Sematech Moving Its Headquarters From Texas To New York State.
What I see is that good companies are growing, menial labor is moving to Asia, technology is moving very quickly leaving some companies behind.