Saturday, April 30, 2016

Tech Layoffs For 2016 Projected To Be Deep: What Happens To 260,000 Highly Skilled Professionals In Their 40s And 50s?

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By Sramana Mitra, Founder, One Million by One Million


Following the news on Intel's layoffs, I read some depressing projections for the rest of the technology industry. Dawn Kawamoto reports in Information Week that 260,000 tech workers will lose their jobs in 2016.

Below are the numbers Dawn has gathered from one Wall Street Analyst's predictions:

VMware
Estimated percentage of jobs to be cut this year: 10% to 15%
Estimated number of cut employees: 1,700 to 2,500

Symantec
Estimated percentage of jobs to be cut this year: 15%
Estimated number of cut employees: 2,800

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