Tech Layoffs Surge to 300,000
Tuesday, February 17, 2009; 3:56 AM
Layoffs in the tech sector are accelerating. It took exactly three weeks for tech layoffs to surge to 300,000, according to our Layoff Tracker. Since late January, when the tracker hit 200,000 layoffs, another 100,000 job eliminations have been 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 we began tracking since the financial crisis began in late August is 300,093.
The past few weeks have particularly brutal for the technology space, with substantial layoffs announced by Pioneer (10,000), Cisco (3,000), Panasonic (15,000), NEC (20,000), Electronic Arts (1100) and AOL (700). Even Bloomberg and The Wall Street Journal, who both managed to avoid layoffs in the past few months, were forced to make cuts to their workforces. And Google, who was immune to layoffs until late January, continued giving pink-slips in the past three weeks with the company's exit from radio. Sadly, a few start-ups weren't able to weather the storm, with eBaum's World cutting all of its workforce.
Obviously the tech industry is not immune to the current economic climate, and if the past three weeks are any indication, things could still get worse for the tech space before they get better. Maybe that economic stimulus plan will help turn the tide.
If you know of any layoffs at a tech company, please submit a tip with the name of the company and number of layoffs. If it?s been covered, also send a link to the blog post or news article. (For who is hiring, check out our job board).
Below is a list of late January and February layoffs from our tracker:
Total Layoffs: 426Total Employees: 300,093
CompanyDateLocation#%SourceSapientFebruary 14, 2009BANGALORE3008%THE TIMES OF INDIAGoogle (Audio Ads)February 12, 2009Mountain View, CA40Google BlogPioneerFebruary 12, 2009worldwide10,00025%ReutersNokiaFebruary 12, 2009Finland625Business-StandardAMCCFebruary 12, 200910017%YahooNetAppFebruary 9, 2009USA4806%U. K. RegisterCiscoFebruary 5, 2009San Jose, CA3,0004%BusinessWeekWall Street Journal, News Corp.February 5, 2009New York, NY142%PaidContent.orgLA Times, The Tribune Co.February 5, 2009Los Angeles, CA300LA TimesAbout.comFebruary 5, 2009New York, NY1910%RuetersPanasonicFebruary 4, 2009Tokyo, Japan15,0005%BloombergTHQFebruary 4, 2009Agoura Hills, CA60024%SIlicon Alley InsiderElectronic ArtsFebruary 3, 2009Redwood City, CA1,10011%TechTrader DailyBloombergFebruary 3, 2009New York, NY100ReutersThe Walt Disney Co.January 31, 2009New York, NY2005%LA TimeseBaum's WorldJanuary 31, 2009San Francisco, CA13NewTeeVeeBroadcomJanuary 30, 2009Worldwide2003%scoalTECHNECJanuary 30, 2009Wordwide20,0007%NYTZazzleJanuary 30, 2009Redwood City, CA4015%TechCrunchFreescaleJanuary 30, 2009Worldwide2,40010%Austin American StatesmanHitachiJanuary 30, 2009Worldwide7,000BBCSierra WirelessJanuary 29, 2009Vancouver, BC5610%Fierce WirelessTeradyneJanuary 29, 2009North Reading, MA53214%Boston.comToshibaJanuary 29, 2009Tokyo, Japan4,500EETimesNexon GamesJanuary 28, 2009Vancouver, BC, Canada90100%GamasutraAOLJanuary 28, 2009New York, NY70010%TechCrunchCitrixJanuary 28, 200910%ReutersSAPJanuary 28, 2009Walldorf, Germany3,0006%SAPParametric Technology Corp (PTC)January 28, 20092505%Reuters.comSkyworksJanuary 28, 2009Woburn, MA1504%StreetInsider.comWilson Sonsini Goodrich & RosatiJanuary 27, 2009Palo Alto, CA1138%LAw.comSTMicroelectronicsJanuary 27, 20094,500EETimesIBMJanuary 26, 2009Armonk, NY2,8501%WSJTexas InstrumentJanuary 26, 2009Dallas3,40012%EETimesSprint NextelJanuary 26, 2009Overland Park, Kansas8,00014%BloombergPhilipsJanuary 26, 2009Amsterdam, Netherlands6,0005%APFox Interactive MediaJanuary 26, 2009Los Angeles, CA1005%TechCrunchUnisysJanuary 26, 2009Global1,3004%Computing.co.uk