| Topic Name: |
Stay with Consulting? |
| Message Name: |
Stay with Consulting? You might not have the chance! |
| Date Posted: |
04/12/2002 |
| Message: |
There has been a massive loss of IT field jobs due to a combination of the recession and overuses of H-1Bs to break prevailing IT labor rates. The source of information quoted below is "CBS Market Watch", here is the address:
http://cbs.marketwatch.com/news/economy/layoffs.asp?siteid=mktw
"Payrolls drop by 1.8 million in 22 months
Exacerbated by the Sept. 11 terrorist attacks, U.S. job cuts announced in 2001 approached the 2 million mark.
Below, a partial list including the latest reductions.
TECHNOLOGY LAYOFFS
Motorola 48,400
Nortel Networks 48,000
Lucent Technologies8 46,000
Solectron 20,850
Verizon Communications28 17,000
JDS Uniphase 16,000
WorldCom 15,250
Xerox1 13,600
Qwest Communications 11,000
ADC Telecom 9,600
Compaq Computer 9,000
Ericsson 9,000
Cisco Systems 8,500
Agilent Technologies 8,000
Unisys 8,000
Gateway 7,750
Hewlett-Packard 7,700
Corning 7,575
Philips Electronics 7,000
Corning 6,575
3Com 6,500
SBC Communications 6,500
Eastman Kodak 6,500
Sprint 6,000
Agere Systems 6,000
Dell Computer 5,700
Siemens 5,500
Intel 5,000
Avaya Inc. 4,900
Alcatel 4,800
Applied Materials 4,700
Sun Microsystems 4,300
Emerson Electric 4,000
Cable & Wireless 4,000
IBM 3,100
BellSouth 25 3,000
TRW 3,000
Polaroid 2,950
Rockwell Collins 2,600
EMC Corp. 2,400
Standard Register 2,400
Tellabs 2,300
Teradyne 2,225
Lexmark International 2,200
TDK Corp. 2,000
Global Crossing 2,000
Kemet 1,805
Level 3 Communications 1,725
Rockwell Automation 1,750
McLeodUSA 1,600
Maxtor 1,500
Ciena 1,430
New Focus23 1,400
Commerce One 1,300
Nokia 1,300
Read Rite 1,250
Iomega 1,100
Nat'l Semiconductor 1,100
I2 Technologies 1,000
Ingram Micro 1,000
Marconi 1,000
Advanced Micro Devices 1,000
Alltel 1,000
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