2001 recession

Tech Job Cuts Upgraded to "Appalling" from "Gruesome"

John Paczkowski in News on April 6, 2009 at 12:30 pm PT

The first three months of 2009 were brutal ones for the high-tech industry–from a job loss perspective, the worst in seven years. Challenger, Gray & Christmas on Monday said high-tech companies sacked some 84,217 employees in the first quarter, a 27 percent increase over the previous quarter and the steepest reduction the firm has seen since the Great Dark Time of 2002.

Tech Job Cuts Upgraded to “Appalling” from “Gruesome”

John Paczkowski in News on April 6, 2009 at 12:30 pm PT

The first three months of 2009 were brutal ones for the high-tech industry–from a job loss perspective, the worst in seven years. Challenger, Gray & Christmas on Monday said high-tech companies sacked some 84,217 employees in the first quarter, a 27 percent increase over the previous quarter and the steepest reduction the firm has seen since the Great Dark Time of 2002.