Feb 16 Will Tech Cuts Continue in 2017?
After falling 21 percent in 2015, job cuts announced by employers in the U.S. technology sector increased by the same amount in 2016, according to a new analysis of layoff data by global outplacement firm Challenger, Gray & Christmas, Inc.
Employers in the technology sector, which encompasses computer, electronic and telecommunications firms, announced 96,017 planned job cuts in 2016. That was up 21 percent from a 2015 total of 79,315.
Computer firms announced 66,821 job cuts last year, 7 percent more than the 62,191 announced in 2015. The increase was due primarily to thousands of cuts announced by Dell Technologies in its $63 billion acquisition of EMC.