Mark's Notebook


	If Jesus Christ were to come today, people would not even crucify him. They would ask him to dinner, and hear what he had to say, and make fun of him. - Thomas Carlyle

Tech layoffs continue

San Jose Mercury News

Tuesday 12 April 2005, 9:47 am
Keywords: News Articles

PACE GROWS IN FIRST QUARTER, STAFFING FIRM'S REPORT SAYS

By Nicole C. Wong, Mercury News

Tech layoffs nationwide continued to climb during the first three months of the year, hitting the highest quarterly total since the end of 2003, according to a report released Monday by Challenger, Gray & Christmas.

The tech industry accounted for almost 21 percent of all layoffs, up from 11 percent a year ago. Mergers among telecommunication companies ushered in the uptick in pink slips, resulting in more than 30,000 layoffs.

John Challenger, chief executive of the outplacement agency, noted that computer, electronics and e-commerce companies have grown smarter and more realistic, which is prompting them to pull the plug more quickly on projects that don't pan out.

http://www.siliconvalley.com/mld/siliconvalley/11374277.htm