Forum: Engineering > View Thread
| Title: | Engineering employment trends |
|---|---|
| Date: | 2008-10-23 1:28 |
| Author: | InterEC.NET ( Specialization: Software Chemical, Location: CA USA) |
| Message: | Pharmaceutical firm Merck said it will cut 12% of its workforce (6,800 jobs) on top of 10,400 job cuts that were recently completed. Internet giant Yahoo announced that it will cut 10% of its workforce or 1,500 jobs. Caterpillar CEO said that the company had laid of unspecified number of employees in United States, UK, and France. Last week, Pepsico said they will lay off "thousands" of workers. General Motors said last week that it will close plants in Michigan, Wisconsin, and Delaware and cut 4,000 jobs. Rockwell Automation said last week that it will cut 3% of its staff or 600 jobs. (Source: CNBC, Arkansas Matters) Redmond-based manufacturer Genie Industries laid off 375 employees Wednesday, the second round of job cuts in less than four months as the construction industry to which it sells its products continues to weaken. (Source: SeattlePost Both US presidential election candidates (Obama and McCain) are advocating, up to varying degrees, substituting oil imports with energy generated from wind, solar, natural gas, clean coal, nuclear, etc. Presidential candidate Obama estimates that such steps will create atleast 5 million high paying jobs and a cleaner environment. (See Miami Hearld, Boston Globe) According to an article in Network World, A survey of 50 CIOs found that one-quarter has decided to freeze IT hiring. The U.S. high-tech industry added 78,300 jobs between January and July this year, but that?s less than the 111,400 tech jobs added during the same period in 2007. Numerous venture-backed companies (Wikia, Hi5 Networks, Pandora Media, SearchMe, Zillow.com, Jive Software and others) have announced recent layoffs. Incremental layoffs are expected to gradually pick up pace in silicon valley and the IT industry. CNN reports that so far 780,000 jobs have been lost in 2008. Details on US unemployment rate by state:   |
