Silicon Valley Losing Middle-Wage Jobs
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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.
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Chip maker chips away at work force, cuts 7500 jobs.
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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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The struggling chipmaker will eliminate around 10 percent of its workforce -- most cuts coming in management, marketing and IT -- as part of its biggest restructuring since the mid-1980s.
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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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America saw 403, 300 hi-tech jobs disappear between April 2001 and April 2004. More than half the jobs lost were lost after the recession was pronounced officially over, by the National Bureau of Economic Research, in November 2001.
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If you're a Silicon Valley insider, expect to laugh mightily at this send up of Northern California's movers and shakers. Others might not get the joke.
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Officials may try to create its own Silicon Valley-style region to stem the exodus of IT specialists
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Computer Associates will cut 800 jobs,  the software maker said on Wednesday, reducing its work force 5  percent in its biggest cost-cutting effort since 2001 amid  slack demand and falling prices for software and services.
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Doc Searls: "If you're a fast-growing tech company looking for the maximum quantity of high-quality local talent, there isn't much choice. Silicon Valley is the place." Adam Green, on the other hand, wants to bring the Boston Boomers back into the tech business.
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Greater Boston ranks third among top information technology labor markets that have lost a significant number of tech jobs, according to a study released yesterday.
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The explosion of consumer-oriented technologies, from YouTube to the iPhone, has been pushing the pistons of the technology economy for the past three years. That's great for California, and a real problem for Massachusetts, which has specialized in building technologies for corporate use since the mini-computer boom of the 1980s.
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Intel Corp. , the world's largest semiconductor maker, will cut 10,500 jobs as part of chief executive Paul Otellini's plan to reduce costs by $3 billion annually starting in 2008.
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THE US IT sector lost more than 403,000 jobs between April 2001 and 2004 and the future of the job market is looking bleak. According to a report prepared by the University of Illinois-Chicago, half of the
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By Frank Norton, The News & Observer, Raleigh, N.C.  Jun. 2--For some tech workers, the bust is back.   Technology companies -- including several with major North Carolina operations: IBM, Lenovo and Dell -- are trimming their U.S.
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Tech workers are holding on to their jobs tighter than they have in more than 20 years.
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By JORDAN ROBERTSON, Associated Press writer  SAN JOSE, Calif.  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  about 10 percent of its work force  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.