resource center
  See your link here
|
Subscribe to Computerworld Computerworld -
A September drop in planned job cuts in the U.S. was apparently short-lived, as companies in October announced plans to cut 176,010 jobs, according to a survey released today by international outplacement firm Challenger, Gray & Christmas, Inc.
The October figure is 151% higher than the 70,057 job cuts announced in September (see story), which had been the lowest monthly total since November 2000, according to the Chicago-based company. The number of job cuts announced in October was the second-highest monthly total of the year, behind 212,704 cuts announced in January.
The good news, if it can be called that, is that while the October figure is up, it's still 27% lower than October 2001, when 242,192 job losses were announced. For the year so far, job cut announcements in 2002 are down 27% from last year, according to the company. Through October, 1,180,627 job cuts have been announced, compared with 1,613,880 last year.
The numbers show that certain industries, especially the technology sector, have been hit the hardest by the cuts. The technology sector accounted for 34% of October's job cuts, according to Challenger. Telecommunications and computers were the industries with the most job cuts announced during the month, with a combined 51,644.
Another 7,942 cuts were announced by electronics and e-commerce companies, for a technology sector total of 59,586.
"The economy desperately needs some type of spark to jump-start a turnaround," said John Challenger, CEO of Challenger, Gray & Christmas, in a statement. "However, companies are simply unwilling to take risks at this point. With the accounting and ethics scandals, falling consumer confidence and a possible war with Iraq, there is too much uncertainty to make any significant moves."
Natural User Interface for Enterprise Applications
Learn how a revolutionary user interface can make a complex enterprise application so intuitive even casual users can jump right in....
Usability Is Everything
Learn what sets Workday's HR and Payroll solutions apart from the competition....
A Truly Global HCM System
Learn about a system built with advanced object-oriented technology that support multi-national requirements and costs less to implement, maintain and upgrade....
The Value of Real SaaS at Workday
Cost savings, speed to value, and innovation brought to the enterprise by Workday's software-as-a-service solutions for HR and Payroll....
Craft a Strategy to Lower Your Total Cost of Ownership
Get the tools to build a business case to assess the total cost of ownership of your HR technology footprint....
SaaS at Flextronics, Inc.
Dave Smoley, CIO of Flextronics, discusses the real value of software-as-a-service and why he chose Workday for his HR solution....
Navigating the Economic Morass
Need help making your way through today's volatile job market? In this Learn-Fast Guide, you'll learn how and where to look for your...
Strategic ECM Webinar
Learn what new strategic business benefits can be realized through ECM!...
iPhone for the Enterprise
One of the biggest concerns of using the iPhone for the enterprise is the security and manageability issues. Read this white paper to...
Managing And Protecting Your Ever Increasing Mobile Assets
Learn best practices for desktop and application virtualization, computer security, and computer life-cycle management....
Sign up to receive updates on the latest Careers resources
CIO
Computerworld
CSO
DEMO
GamePro
Games.net
IDC
IDG
IDG Connect
IDG Knowledge Hub
IDG TechNetwork
IDG Ventures
IDG.net
InfoWorld
ITwhitepapers
ITworld
JavaWorld
LinuxWorld
Macworld
Network World
PC World
The Industry Standard
Copyright © 1994 - 2009 Computerworld Inc. All
rights reserved. Reproduction in whole or in part in any form or medium
without express written permission ofComputerworld Inc. is prohibited. Computerworld and Computerworld.com and the respective logos are trademarks of International Data Group Inc. |
