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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."

18 of 338 comments (clear)

  1. simple solution by jacquesm · · Score: 5, Funny

    move to India ;)

    1. Re:simple solution by Bob+Uhl · · Score: 3, Funny

      Instead of India, why not move to the Northeast U.S. or Maritime Canada?

      Because then one's in New England or Canada? New England is the land of atrocious accents, cranky people and the nanny state. Canada is the land of the nanny state (nice & polite people, though).

      Granted, either's still more familiar than India. But blech. Give me the West any day.

  2. Hmmm ... by oldspewey · · Score: 5, Funny

    Guess I better stop reading /. and get to work.

    --
    If libertarians are so opposed to effective government, why don't they all move to Somalia?
  3. The article is wrong! by paniq · · Score: 3, Funny

    These people are not unemployed, they are working at home, preparing Web 3.0!

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    Do not trust this signature.
  4. youre basically saying aussie employers are stupid by unity100 · · Score: 3, Funny

    there was an ad once, in a major turkish newspaper for a mechanical engineer.

    They required that the applicant should have a BS, MS in mechanical engineering in an obscure field, that the applicant knew excellent Russian, English, Turkish and Arabic, s/he didnt have any issues with traveling and the list went on.

    The only thing missing in requirements was an astronaut certification.

    The ad became famous.

  5. Re:no wonder by Anonymous Coward · · Score: 2, Funny

    It's a choice we all have to make eventually: live where there is lots of money and employment prospects are good, or move away from the Neverland Ranch for the sake of our children.

  6. Dot-com bubble burst? by digitaldc · · Score: 3, Funny

    Wait a minute, didn't this happen already in 2001?

    My advice: learn how to fail on Wall Street and ensure a massive golden parachute for yourself

    --
    He who knows best knows how little he knows. - Thomas Jefferson
  7. IT Workers Cushioned From US Economic Downturn by jstott · · Score: 4, Funny

    But I thought that IT Workers Cushioned From US Economic Downturn. I mean, I read it on Slashdot just a few days ago!

    -JS

    --
    Vanity of vanities, all is vanity...
  8. Re:One question by n1ckml007 · · Score: 2, Funny

    Any one run into "delhi belly" when your were over there?

  9. Re:Unemployment is only the thin end of the wedge by hal2814 · · Score: 4, Funny

    "Guess what, those working only 40 hours a day won't get anywhere."

    Crap, I only work about 9 hours per day. I need to step it up.

  10. Re:Unemployment is only the thin end of the wedge by Anonymous Coward · · Score: 2, Funny

    Guess what, those working only 40 hours a day won't get anywhere.

    I usually try to work less in a day than there are hours in a day. Your time compression powers amaze me! Do you have a newsletter?

  11. No problem, time to finish my Exchange killer!! by LibertineR · · Score: 2, Funny
    Unemployment means time, baby!

    I just know, that with enough free time, I will be the one to take down Exchange Server! That's right, ME! I can DO it!.

    First, I'm going to toss out all that stuff that nobody uses, because essentially, we are talking EMAIL here, right?

    And now that I am unemployed, I don't have to waste my weed money on CalTrain, bitches!

  12. 110.10011 per 1100100 by davidwr · · Score: 2, Funny

    "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.

    The steadily climbing unemployment rate in Silicon Valley has reached a shocking 100-year high of 110.10011 per 1100100. Recent statistics indicate that the per1100100age of unemployed workers in the sunny state of California has increased to 111.10110 in August -- up from 111.01101 per 1100100 in July.

    There, fixed that for you.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  13. Re:Move to Chicago by r3b00tm0nk3y · · Score: 4, Funny

    Dear Mr Coward,

    We still haven't heard back from you regarding the position we contacted you about a week or so ago.
    We are looking for people post unsubstantiated claims, anonymously to popular web sites.

    Please respond as there is a shortage of qualified workers,

    Recruiter

    --
    This sig is alpha and shouldn't be viewed on production machines
  14. Re:Move to Chicago by Ukab+the+Great · · Score: 3, Funny

    There's a shortage of people who have ten years of experience in technologies that have been around for only five years.

  15. Re:One question by dintech · · Score: 4, Funny

    With a nick like 'oldspewey', I'm not really surprised. :)

  16. interview ? by unity100 · · Score: 2, Funny

    java scares me

  17. Re:Move to Chicago by Hognoxious · · Score: 3, Funny

    Recruiters ask for impossible qualifications, such as 10 years experience with some technology that has only been around for eight

    I used to think those ads were there to catch out the liars and bullshitters so they could be blacklisted.

    That was when I was young and naìve.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."