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Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »
Tech Job Losses Slowing, but Totals Still Grim
Challenger, Gray & Christmas data shows fewer high-tech jobs cut in the second quarter of 2009, but the totals for the first half of the year mark the most IT jobs cut since 2002.
July 13, 2009 — Network World —
High-tech companies cut 60% fewer jobs in the second quarter this year, but the 84,217 jobs cut during the first three months of 2009 puts tech-sector job loss totals at nearly 120,000 by midyear, according to workforce data released Monday.
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View a slideshow of the most notable IT layoffs of 2009
According to global outplacement consultancy Challenger, Gray & Christmas, planned layoffs announced by employers in the computer, electronics and telecommunications industries totaled 33,891 in the second quarter ending June 30, 2009. The total is 60% less than some 84,000 positions eliminated in the first three months this year, which put 2009 midyear totals at 118,108. The total marks the highest number of tech-sector job cuts announced since the fourth quarter of 2002. And this year's second quarter numbers were similar to job cut announcements made by tech sector companies in the second quarter of 2008, the firm reports.
Each high-tech sector experienced a significant drop in job cuts. For instance, telecom industry companies announced 18,972 job cuts in the first quarter and 1,876 in the second. Computer industry companies experienced a loss of 31,580 jobs in the first three months of 2009 and 19,881 in the following three months. And electronics firms cut 33,665 jobs in the first quarter and 12,134 positions were expected to be eliminated in the second quarter of 2009. The total number of jobs cut in the high-tech industries represents about 13% of the total first-half 2009 job cuts, according to Challenger, Gray & Christmas.
The second quarter results could be a sign of turnaround for the high-tech industry, said John Challenger, CEO of Challenger, Gray & Christmas, in a report.
"Telecom and electronics firms appear to be benefiting from a recession-defying wireless market. Computer firms may lag as companies wait for more proof of recovery before they begin to reignited investments in new technologies, but the end of the recession should bring a flood of new spending in this area," Challenger said. "Some firms may even begin to invest early, in the hopes the productivity-enhancing technology can temper the need to recruit new workers."
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