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techcrunch findings underscore severity of layoffs

Tue, Feb 17, 2009

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The folks at Techcrunch have been clocking technology-related layoffs since August 2008, and their findings foreshadow an increasingly dismal future for the industry.

The popular blog notes that layoffs in the tech industry are rapidly accelerating. According to their layoff tracker, It took exactly three weeks for tech layoffs to surge to 300,000.

Since late January, when the tracker hit 200,000 layoffs, another 100,000 job eliminations were announced or completed. In contrast, it took five weeks for layoffs in the tech industry to hit the 200,000 mark, and four months for layoffs to hit 100,000 last December. The total number of layoffs since late August is 300,093.

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Techcrunch goes on to predict that things might worsen for the industry before they get better.

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This post was written by:

Vanessa Dennis - who has written 621 posts on Cheezhead Recruiting News and Opinion.

Vanessa Dennis, originally from Austin, Texas, was a corporate recruiter for two years before becoming a writer for Cheezhead.com. Vanessa has an English Writing degree from Loyola University of New Orleans. She currently lives with her family in Cleveland. Connect with Vanessa on the Facebook Fan Site.

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