Tuesday, January 13, 2009

Is your job under threat. Tech market to see huge layoffs.

With the overall economy slumping, the tech industry is taking its fair share of hits. Massive layoff's are in the pipe-line.
Not good news for a market that was once booming and moving upward at the speed of sound.

Some of the most well knows and industry leaders are amongst the highest job cuts we will see this year.

Among them are:
Logitech - 9,000
Ebay - 1,000
Sony-Ericson - 24,600 over three years (6200/year)
Xerox - 3,000
Freescale - 2,400
Nortel Networks - 1,300
Applied Materials - 1,800
Sun Microsystems - 6,000
Palm - 1,050
AT&T - 12,000
Alcatel-Lucent - 6,000
Western Digital - 2,500
Lenovo - 2,500
Dell - 1,900

How does that make you feel? Do you feel secure in you IT related job?

This is only half the problem. If there are so many job cuts in the market, then it stands to reason that the hiring will be just as bad or worse. You can't hire if you fire.

What about jobs for those leaving school, college or university?

Although a lot of tech companies seem to be doing well. Was it just that they hired too much? Did they pay too much for the so called experts? Were they overstaffed?

So what happens now? What does the future hold for us techies? Should we start looking at another career, like politics perhaps?

What are your thoughts, what do you think the future holds for the IT industry?

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