More Tech Job Cuts

Susan Hall

Boy, the grim job news continues unabated.

Leading the pack Wednesday was this report that hard-drive maker Western Digital plans to lay off 2,500 people, or about 5 percent of its global work force, and will cut executive pay in response to demand it calls "significantly below" expectations for the quarter. It did not specify how much it will reduce executive pay in the Associated Press story in the Boston Globe.

In addition, the AP reports:

  • Semiconductor maker RF Micro Devices plans to eliminate 250 jobs and cut production to reduce costs. The layoffs represent 5 percent of its work force.
  • Flash memory chip maker Silicon Storage Technology will lay off 17 percent of its workers -- 120 people. Memory chip makers around the globe are in a world of hurt due to a glut that's pushing prices down.

IT Business Edge's Ann All recently wrote that 180,000 tech jobs could be cut by the end of the year.



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Add Comment      Leave a comment on this blog post

Dec 17, 2008 2:17 AM Fed Up Fed Up  says:
Sad deal. Layoffs are not slowing down as can be seen at the following site: www.layoffdaily.com Reply

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