Source: The Wall Street Journal
Many technology companies–from huge publicly traded ones to tiny startups–have already shed thousands of workers because of the economic slump. And the layoff wave won’t end anytime soon.
According to a new survey of corporate hiring managers and others who primarily recruit tech professionals, there will be fewer job opportunities and more layoffs in the tech sector over the next six months. The report from Dice.com, a tech employment Web site, found that 20% of those surveyed now say that layoffs are very likely in their organization, up from 9% in June. And 72% said the current economic environment has caused them to scale back their hiring plans in the next six months, up from 53% in June.
“There definitely is a shift,” says Tom Silver, Dice.com’s senior vice president and chief marketing officer. “There have been changes in overall sentiment and the number of tech jobs is declining as the number of people applying for jobs is going up.”
Silver says Dice.com has seen a particularly steep falloff in the number of tech jobs posted on the site since the financial crisis went full blown in late September. While the number of posted jobs on Dice.com was down about 5% for the first eight months of this year, the number of open jobs on the site is now down 25% from a year ago. Meanwhile, the number of job applications to positions listed on the site is up 15% from a year ago.
Job postings for tech jobs in Silicon Valley have fallen off the most, says Silver, with the number of posted jobs for the nation’s tech capital dropping 41% from a year ago. In contrast, the number of job postings for tech jobs in Washington D.C. has actually risen 6% so far this year, largely because the federal government is hiring, says Silver.
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