Ready, Fire, Aim! - Mihail's Public Blog: 12% of tech jobs evaporated in 2 years

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Friday, November 21, 2003

12% of tech jobs evaporated in 2 years

The dot bust continues according to this AP story in the WSJ (subscription required):

About 12% of the nation's high-tech jobs have evaporated during the past two years, but the meltdown appears to be in its final stages, according to an industry report released Wednesday.

After wiping out 540,000 jobs in 2002, high-tech employers are on pace to lay off another 234,000 workers this year, based on figures compiled by the AeA, a trade group formerly known as the American Electronics Association.

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