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US hi-tech industry continues to cut jobs
Silicon Valley, Nov 20: Although the US economy is picking up, the high-tech industry continues to lose jobs, although at a much slower pace than recent years, according to a study released today by an electronic trade industry group.
Silicon Valley, Nov 20: Although the US economy is picking up, the high-tech industry continues to lose jobs, although at a much slower pace than recent years, according to a study released today by an electronic trade industry group.
High-tech employment, which fell by eight per cent in 2003, is expected to decline by another four per cent in 2003, according to AEA, a trade group formerly known as the
American Electronics Association.
"We project that the 2003 high-tech job losses will total 234,000 down 57 per cent from the 540,000 decline in 2002," said AEA president and CEO William T Archey.
The report, titled 'Cyberstates 2003: a state-by-state overview of the high-technology industry,' found that all but three states lost high-tech jobs in 2002. California lost the greatest number of tech jobs, shedding some 123,000 jobs. Texas was second with tech jobs down by 61,000 jobs. Interestingly, the district of Columbia, Wyoming, and Montana were the only three cyberstates to add technology jobs between 2001 and 2002.
Bureau Report
"We project that the 2003 high-tech job losses will total 234,000 down 57 per cent from the 540,000 decline in 2002," said AEA president and CEO William T Archey.
The report, titled 'Cyberstates 2003: a state-by-state overview of the high-technology industry,' found that all but three states lost high-tech jobs in 2002. California lost the greatest number of tech jobs, shedding some 123,000 jobs. Texas was second with tech jobs down by 61,000 jobs. Interestingly, the district of Columbia, Wyoming, and Montana were the only three cyberstates to add technology jobs between 2001 and 2002.
Bureau Report