What will we ever do without those high-paying jobs making alarm clocks, cheap watches, sewing jeans together and making tennis shoes?
ardethan,
i looked around a little more to try to prove that you are right and i shouldn't be concerned...here are some of the "cheap job" lay offs that i found.
uw
these are the US tech company announced job cuts so far for this year that i found...there are more coming...i.e. sebl
other massive cuts already announced this year are listed at the very end of this post...since all of these have not yet happened, they will not show up in bureau of labor statistics for a while. it will also be a while before the economic effects are seen...because most get severance packages followed by unemployment benefits.
DATE COMPANIES JOBS CUT SCALE OF CUT
April 20 Silicon Graphics 1,000 15%
April 20 Ericsson 12,000 11%
April 19 Sega 400 36%
April 19 Nortel 5,000 5%
April 18 Siebel 800 10%
April 18 Celestica 2,900 10%
April 18 Hewlett-Packard 3,000 4%
April 17 Texas Instruments 2,500 6%
April 17 Philips 6,000-7,000 3%
April 16 Cisco 8,500 18%
April 11 Motorola 4,000 6%
April 10 Siemens 2,000 25% of handset unit
April 8 Marconi 3,000 6%
April 4 Akamai Technologies 180 14%
April 3 Winstar 2,000 37%
April 3 Alcatel 1,100 5% of US staff
April 2 i2 Technologies 610 10%
April 2 Ariba 700 33%
April 2 Inktomi 260 25%
April 2 BroadVision 325 15%
March 28 Palm 250 15%
March 27 Nortel Networks 5,000 5%
March 27 Ericsson 3,700 3.5%
March 26 PMC-Sierra 230 13%
March 26 Conexant Systems 1,625 20%
March 23 Motorola 4,000 2.7%
March 20 Oracle 860 2%
March 20 Creative Technologies 500 10%
March 19 Solectron 8,200 10%
March 16 Computer Sciences Corporation 700-900 1.3%
March 15 Applied Materials 1,000 5%
March 15 Compaq 5,000 7%
March 13 Motorola 7,000-12,000 5-8%
March 8 Intel 5,000 6%
February 27 JDS Uniphase 3,000 10%
February 26 3Com 1,200 10%
February 15 Dell Computer 1,700 4%
February 15 Nortel Networks 10,000 10%
February 9 Motorola 4,000 3%
January 25 Ericsson 6,000 5%
January 24 Lucent Technologies 16,000 12%
January 16 Motorola 2,500 2%
January 11 Gateway 3,000 10%
looking for a trend, i totaled the tech losses by month.
where a range was given, i used the average.
jan...27,500
feb...19,900
mar...45665
apr...56,975
other announced job cuts so far this year include:
GE 60,000
daimler chrysler 26,000
verizon 10,000
whirlpool 6,000
sears 2,400
aol/tw 2,400
aetna 5,000
gillette 2,700
wcom 10,000
xerox 4,000
procter gamble 9,600
wachovia 7,000
honeywell 6,500
adc 6,500
disney 4,000
delphia automotive 11,500
there are lots more, but i don't want you to think i am worried about...
"those high-paying jobs making alarm clocks, cheap watches, sewing jeans together and making tennis shoes?" |
