Please enter a Job Title and/or City.
-
Despite 30,000 Job Cuts by HP, Still Shortage of Professionals in Digital and Tech
July 16, 2012 by Steven Rothberg
Planned layoffs that will impact 30,000 workers at computer giant Hewlett-Packard helped push job cuts announced by technology-sector firms to their highest level in three years, according to a report on tech-sector downsizing released Monday by global outplacement firm Challenger, Gray & Christmas, Inc.Technology firms, including those in computer, electronics, and telecommunications, combined to announce 51,529 job cuts in the first half of 2012, a 260 percent increase from the 14,308 cuts announced during the same period a year ago. The midyear total is, in fact, 39 percent higher than the 2011 yearend total of 37,038. It is the largest midyear total since 2009, when the sector announced 118,108 job cuts in the first six months of the year.
The surge in tech-sector job cuts occurred amid an increase in overall job cuts. However, the 283,091 job cuts announced across all industries in the first half of 2012 were up just 15 percent from the 245,806 total industry job cuts at the same point last year. Continue Reading
-
Job Cuts in December Were Lowest Per Month Since June
January 05, 2012 by Steven RothbergPlanned job cuts announced by U.S. employers declined in December to 41,785, the lowest monthly total since June, according to the latest report on downsizing activity from global outplacement firm Challenger, Gray & Christmas, Inc.
The December total was down 1.6 percent from 42,474 job cuts in November. Last month was up 31 percent from December 2010, when employers announced just 32,004 job cuts, which still stands as the lowest monthly total since 17,241 job cuts were recorded in June 2000.
While 2011 went out like a lamb in terms of downsizing activity, with employers announcing an average of just 42,339 job cuts per month over the final quarter of the year, the year-end job-cut total of 606,082 was 14 percent higher than the 529,973 job cuts announced in 2010. However, the 2010 year-end total was a 13-year low. The 2011 total is still well below the recession peak of 1288,030 annual job cuts reached in 2009. Continue Reading
-
Citigroup Announces 3,000 Layoffs – About 1% of Its Workforce
November 16, 2011 by Steven RothbergCitigroup announced a round of job cuts today that will impact about one percent of its global workforce. That amounts to roughly 3,000 workers, mostly from its securities and banking unit. Continue Reading
