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New Shrinkage of tech jobs slowing

Technology-related job cuts dropped more than 50 percent from a year ago, which could signal the sector is poised for a turnaround, according to the latest report from Challenger, Gray & Christmas Inc.

There were 47,998 high-tech job cut announcements in the third quarter, which brought the total for the year to 145,997 the Chicago-based outplacement firm said. That is 56 percent fewer than the 334,650 job cuts announced in the year-ago period.

"I think the worst is over," said Challenger Chief Executive Officer John A. Challenger. "There are signs that tech growth is renewing. Hopefully that's going to mean job creation isn't far behind."

[...]

Expectations of a major rebound could be premature. The third-quarter job cut number still exceeded the second-quarter figure by about 9,000. Most of that increase came from the telecommunications sector where job cuts soared 73 percent to 62,389, Challenger said.

[link|http://www.suntimes.com/output/business/cst-fin-techjobs07.html|link]
lincoln

"Windows XP has so many holes in its security that any reasonable user will conclude it was designed by the same German officer who created the prison compound in "Hogan's Heroes." - Andy Ihnatko, Chicago Sun-Times
[link|http://users3.ev1.net/~bconnors/resume.htm|VB/SQL resume]
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New Of all the people I worked with
who got laid off, only one has not found something and changed the carier entirely (our former manager). Everybody else is still working in comparable jobs, some better, some slightly worse.

I'd say that this industry needed some shrinking. Too many people got in who should not have.
--

OK, George W. is deceptive to be sure. Dissembling, too. And let's not forget deceitful. He is lacking veracity and frankness, and void of sooth, though seemingly sincere in his proclivity for pretense. But he did not lie.
[link|http://www.jointhebushwhackers.com/not_a_liar.cfm|Brian Wimer]
New Re: Of all the people I worked with
How old are you - 30ish?

Talk to people in their 40s.
-drl
New 3 of the laid off were over 40.
One had to change the carrier, 2 others got the jobs they wanted.
--

OK, George W. is deceptive to be sure. Dissembling, too. And let's not forget deceitful. He is lacking veracity and frankness, and void of sooth, though seemingly sincere in his proclivity for pretense. But he did not lie.
[link|http://www.jointhebushwhackers.com/not_a_liar.cfm|Brian Wimer]
     Shrinkage of tech jobs slowing - (lincoln) - (3)
         Of all the people I worked with - (Arkadiy) - (2)
             Re: Of all the people I worked with - (deSitter) - (1)
                 3 of the laid off were over 40. - (Arkadiy)

You can't polish a turd.
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