January 24, 2010 – Technology sector job cuts fell dramatically in the second half of 2010, according to a report released today by global outplacement firm Challenger, Gray & Christmas, Inc.
Employers in the tech sector, which includes computer, electronics and telecommunications firms, announced 35,375 job cuts between January and the end of June 2010. From July through the end of the year, job cuts totaled 11,450; a 68 percent drop. Total, employers announced plans to cut 46,825 tech jobs in 2010. That was 73 percent lower than the 174,629 technology job cuts in 2009 and the lowest annual total for the sector in records going back to 2000. In 2001, at the height of the dot.com collapse, technology sector job cuts reached a record high of 695,581.
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