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Planned layoffs in the electronics and telecom industriex during the recently ended quarter fellto 33,891, compared to more than 84,200 in the first quarter of the year, The job cuts in the past threee months were roughly equivalent to the second quarter of when 33,644 positions were eliminated. Still, the combine cuts during the first six months of theyear 118,108 – represented the worst six-month totap for the technology sector in seven years. And it was more than twices the number of jobs lost betweenJanuary 1, 2008, and June 30, when 50,989 cuts were announced.
The bulk of the seconx quarter cuts occurred in the computer with 19,881 layoffs planned, compared to 12,134 layoffs planned in electronics and 1,876 layoff planned in telecom. “Telecom and electronics firms appeafr to be benefiting froma recession-defyinhg wireless market. Between the companies trying to outdok the iPhone and those helping more and more Americanx disconnect their land linesfor cellular-onl phone communications, there are a lot of growtb opportunities,” said John A. the company’s CEO.
“Computer firms may lag a little as companieds wait for more proof of recovert before they begin to reignite investment innew technologies, but the end of the recessiom should bring a flood of new spendinv in this area. Some firms may even beginj to invest early, in the hopes that productivity-enhancing technology can tempetr the need to recruitnew
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