Unemployment Hits New High In Silicon Valley

Though there may be some degree of cushion for IT workers in the US generally, Slatterz writes "The steadily climbing unemployment rate in Silicon Valley has reached a shocking four-year high of 6.6 per cent. Recent statistics indicate that the percentage of unemployed workers in the sunny state of California has increased to 7.7 in August — up from 7.4 per cent in July. Jeffrey Lindsay of Bernstein Research explained that a number of Internet firms were chronically overstaffed."

Comments

Didn't anybody see this coming?

[Anonymous Coward]

There was a bubble. Everybody knew it. If you didn't realize that things would change and prepare for the inevitable, It is on you.

Quit your bitching and move

[Anonymous Coward]

There are plenty of jobs in the midwest. Quit your bitching and move. California ain't that beautiful anyway.

Live by the sword, die by the sword.

[right handed]

Consistent profits at M$? Is that how they've turned $60 billion in cash into debt over the last three years? Ballmer's good for $6 billion in debt, honest, I swear on Vista's tarnished image.

Yes, if I were a M$ employee I'd be polishing my resume and looking for other predatory industries that would take someone with such compromised morals. Kraft is owned by a tobacco company, that might look good as your next job. You might also look into sub prime sales or insurance. Former employees of Netscape, Corel, SCO and countless other companies destroyed by M$ are still part of your world. Happy hunting.

So what was the point of that?

[QZTR]

You post a?reply to a mental health professional discussing "emotional an psychological needs", to which I'd reply "so does all the other stuff listed, so you're proving my point".

And as far as my "7 digit ID", I think you should be careful crowing about the fact that you've been posting on a web board longer than I have if you intend to question my socialization.

Or did you not realize your joke was actually on you?