Tech Job Cuts: Heads start Rolling
You know the tech industry is already affected by this credit crunch is when they all start announcing job cuts or lay-offs.
These are just the big named companies. Start-ups are also doing the same thing. TC has a tracker here.
Symantec – 880
Electronic Arts – 600
Motorola – 3,000
Xerox Corp – 3,000
Dell – 8,900
Texas Instruments – 650
Cisco Systems – 129
eBay – 1,500
Micron Technology – 1,500
Sony Ericsson – 450
Nvidia – 360
NXP semiconductors – 4,500
Social networking Hi5 made 15 job cuts, Adbrite trimmed down by 40, Mahalo dropped 6, and Kevin Rose’s Revision3 (producer of Diggnation, Tekzilla) dropped 4 shows and 10 people.
What’s interesting is that tech companies based in the Philippines seemed unaffected by all these. In fact, Headstrong (my former employer), is expanding with a recent announcement of hiring 150 fresh graduates. Accenture is not slowing down either.
Have not heard of any tech job cuts locally or any start-ups closing down. Correct me if I’m wrong but it looks like the IT sector in the country is doing good despite the financial crisis (and I thought it’s just the call centers).