Outplacement Firms Could Help 100,000+ Jobless Tech Workers

Laid-off tech workers could greatly benefit from services provided by outplacement firms (Click here).

A recent report from Challenger, Gray & Christmas, Inc. found that tech companies planned to cut 174,629 jobs during 2009, accounting for a 12.3 percent increase from 2008 and the highest total since 2005. Those job losses account for 13.2 percent of the 1.3 million jobs lost across all industries last year.

"The recession's impact on the tech sector was inescapable," Chief Executive John Challenger said. "Even with the economy showing some nascent signs of recovery ... many companies are holding off on investments in new technology."