Report: U.S. Tech Sector job cuts highest in five years

Posted by Rick C. Hodgin

Washington (DC) - It was reported today that in 2008, 186,955 workers in the U.S. technology sectors lost their jobs. This is the highest loss in five years, according to consulting firm Challenger, Gray & Christmas. The second half of the year showed a doubling of the rate of loss. The electronics sector rate jump 89.7% over 2007, telecommunications jumped 72.5% over 2007 and computer-related industries jumped 61.3% over 2007.





See the original AFP article republished on Google news.