Job Cuts For Dell, Motorola, and Circuit City

maeveth writes "Talk about not a good time to be working in the tech sector. Layoffs all over the industry have been announced, in a variety of different areas. Last week Dell announced they were partnering with Wal-Mart; this week they are planning a ten-percent reduction in their global workforce. Motorola was already going to cut some 3500 jobs by the end of June; they're now adding another 4000 pink slips to that number (and hoping that next month's RAZR2 launch will boost profits). To top it all off Circuit City is acting in a decidedly schizophrenic manner. The are going to axe about 850 employees, on top of the 70 stores they closed last month ... while also planning to open 165 new stores."

Comments

the sky's not falling

[softwaredoug]

Meanwhile, every tech place I know can't hire fast enough. The good candidates are getting soaked up by the market fast. Wasn't there a stat recently that computer people are in higher demand than during the tech boom? But maybe its just a localized phenomena where I live.

Tech sector?

[TimeTrav]

FTFA:

"This time around, the company [Circuit City] axed roughly one manager from each of its 654 stores along with nearly 200 positions at its Richmond, VA headquarters."

How does sacking a bunch of retail managers and back office support staff spell doom for tech sector employees? I understand that job cuts are bad things, but I don't think this one should be lumped in with the tech sector.

Re:This'd be a feature of printing money.

[megaditto]

Bad times? What are you smoking.

Here is today's article from NY Times Dell Reports Better-Than-Expected Profit http://www.nytimes.com/2007/06/01/technology/01del l.html

The reason these people are laid off is because the companies want even more profits, not because they are losing money during "bad times."