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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Tech sector facing most job cuts since 2003: report AFP - Saturday, November 15 WASHINGTON (AFP) - - The technology sector is on pace to lose 180,000 jobs this year, the most since 2003, amid a global economic downturn, according to a report published Friday. Challenger, Gray & Christmas, Inc., a Chicago-based global consulting firm which tracks job-cut announcements, said telecommunications, electronics and computer industry companies had cut 140,422 jobs through October 31. It said 69,654 tech-sector jobs had been cut in the third quarter of the year alone. That did not include major layoffs announced since October 31 such as the 5,000 to 6,000 job cuts at Sun Microsystems on Friday. "At the current pace, the year-end total could reach 180,000, which would be the largest annual total since 2003, when technology firms announced 228,325 job cuts," it said. A total of 107,295 tech-sector jobs were cut in 2007. "The tech sector is simply the latest victim in this downturn that began last year with the collapse of the housing market, and quickly spread to the financial markets," chief executive John Challenger said in a statement. "Businesses and consumers have slashed their spending and no industry is immune," he added. The 180,000 job cuts in the tech sector would be the most since 2003 but would still be far fewer than the 695,581 jobs lost in 2001, with the bursting of the dot-com bubble. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines World asked to help craft online charter for religious harmonyAFP - Saturday, November 15 Google giving voice to iPhone Internet searchAFP - Saturday, November 15 Tech sector facing most job cuts since 2003: reportAFP - Saturday, November 15 'Second Life' ends first marriage for British manAFP - Saturday, November 15 Related Articles: Technology World asked to help craft online charter for religious harmonyAFP - Saturday, November 15 Google giving voice to iPhone Internet searchAFP - Saturday, November 15 Tech sector facing most job cuts since 2003: reportAFP - Saturday, November 15 'Second Life' ends first marriage for British manAFP - Saturday, November 15 Wii and DS top videogame system sales in US in OctoberAFP - Friday, November 14 Enlarge Photo Sun Microsystems (SM) logo. The technology sector is on pace to lose 180,000 jobs this year, the most since 2003, amid a global economic downturn, according to a report published Friday. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Ancient 4,300-year-old pyramid discovered in Egypt Bin Laden is isolated, focused on his own security: CIA Earth would be heading to a freeze without CO2 emissions Britney Spears's son hospitalized: statement China mulls crackdown on lip-synching View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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