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Article: Tech job cuts both ways: Some Colorado Springs companies remained stable
- Article from:
- Colorado Springs Business Journal
- Article date:
- July 13, 2009
- Author:
CopyrightCopyright 2009 Colorado Springs Business Journal. Provided by ProQuest LLC. (Hide copyright information)
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Job cuts in the technology sector declined significantly during
the second quarter, possibly signaling a turnaround for an industry
that has been impacted heavily by the recession.
Planned layoffs announced by employers in the computer,
electronics and telecommunications industries totaled 33,891 during
the quarter ending June 30, according to global outplacement
consultancy Challenger, Gray & Christmas Inc. That was down 60
percent from the previous quarter when tech-sector job cuts reached
84,217, the highest level since the fourth quarter of 2002.
Despite the second-quarter decline, tech-sector job cuts for the
first half of the year reached 118,108, which is the largest six-
month ...