High-Tech Market Has Lost 400,000 Jobs
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The US information tech sector lost 403,300 jobs between March 2001 and this past April, and the market for tech workers remains bleak, according to a new report.
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Technology stocks have underperformed the rest of the market this year, and professional investors have reduced their commitment to the industry as a growing number of analysts question the outlook for the sector.
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More than 430 jobs will be lost at car giant Vauxhall in Britain, including 340 from Merseyside, under a huge cutback across Europe aimed at making savings.
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Japanâs once vaunted electronics industry has downsized to survive global competition, and is inadvertently setting off a brain drain.
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Swiss firm STMicroelectronics is to close three factories in the US and Morocco, putting 4,000 jobs at risk.
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Challenger, Gray &amp; Christmas reports that the US information technology industry lost 54,701 jobs in the July through September quarter, which is an increase of 14 percent from the same quarter last year.
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The number of information technology jobs in the United States have continued to fall since the end of the 2001 recession, driven mostly by outsourcing to low-wage countries
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Venture capital investing, a key barometer of the entreprenerial economy, unexpectedly tumbled 26 percent to 4.3 billion nationally in the third quarter, from
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The rise and fall that came before the rise of the technology industry's biggest star.
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OCTOBER 12, 2004 (IDG NEWS SERVICE) - The high-tech industry is finally heading towards a recovery after the postbubble decline, but we are not quite there yet, according to executives and industry watchers at the fifteenth annual Etre technology
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A slowing economy weighs on the employment software company.
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THE global semiconductor business slumped during the second half of the year - although overall 2004 brought a 23% increase in revenue in the industry amounting to $218bn (Â£112bn), according to analysts at researchers Gartner Dataquest yesterday.
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The U.S. economy added another 6,900 jobs in computer systems design and related services in October, but tech manufacturing posts fell again.
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Employers eliminated 4,000 jobs in August, the Labor Department said today, showing that the job market was soft even as conditions in credit markets began to deteriorate.
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The U.S. information tech sector lost 403,300 jobs between March 2001 and this past April, and the market for tech workers remains bleak, according to a new report...
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Increasingly, companies are disappearing from stock exchanges.
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Silicon Valley is in danger of creating its own digital divide; the California high-tech region is losing its middle-class work force at a significant rate.