A report issued on Monday by the tech placement firm Challenger, Gray & Christmas says that tech layoffs in the United States hit its highest level in three years during the first half of 2012. The firm's report says 51,529 planned job cuts within the tech sector were planned during the first half of the year.
The cuts represent a 260% increase over the same period in 2011. Plus, the figure is 39% higher than the total number of tech job cuts in all of 2011.
So far this year, Hewlett Packard has announced cuts of 30,000 jobs while Sony and Nokia have announced cuts of 10,000 jobs.
"We may see more job cuts from the computer sector in the months ahead," John A. Challenger, CEO of Challenger, Gray & Christmas, said. "While consumers and businesses are spending more on technology, the spending appears to favor a handful of companies. Those that are struggling to keep up with the rapidly changing trends and consumer tastes are shuffling workers to new projects or laying them off altogether."
Members of Congress appear to be ignoring cuts within the tech industry, introducing bill after bill that would increase the number of foreign engineers, mathematicians, and scientists allowed to stay in the country. Pres. Barack Obama also included a call for more foreign tech workers during his State of the Union address in January.
For more information, see CNET.
Originally Published: Tue, Jul 17th 2012 @ 9:47am EDT