41K tech jobs eliminated in Q3 2005

41K tech jobs eliminated in Q3 2005

Summary: Challenger, Gray & Christmas claim that technology is one of the few areas of the economy that has failed to add jobs consistently over the past 12 months. The pace of job-cutting in the sector through the Q3 2005 is almost 20% ahead of 2004.

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TOPICS: IT Employment
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Challenger, Gray & Christmas claim that technology is one of the few areas of the economy that has failed to add jobs consistently over the past 12 months. The pace of job-cutting in the sector through the Q3 2005 is almost 20% ahead of 2004. The report said that technology firms announced 41,439 job cuts in Q3 2005, up 4.3% from 39,720 in Q2 2005. For Q1-Q3 2005, tech job cuts of 140,696 are 18.8% higher than Q1-Q3 2004 total of 118,427 in 2004.

Topic: IT Employment

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