Bad News/Good News for Tech workers.

According to Wired News: Tech-Job Meltdown in Final Stages things are going to get a little worse before they get better in the tech-job market, but the “getting better” part should start to kick in next spring:

SAN FRANCISCO—About 12 percent of the nation’s high-tech jobs have evaporated during the past two years, but the tech-job drain appears to be in its final stages, according to an industry report to be released Wednesday.

After wiping out 540,000 jobs in 2002, high-tech employers are on pace to lay off another 234,000 workers this year, based on figures compiled by the AeA, a trade group formerly known as the American Electronics Association.

Based on the AeA’s estimates, the high-tech industry will end this year with about 5.73 million workers, down from 6.5 million employees at the end of 2001.

The 2002 contraction included 146,000 job losses in the software sector, the first time employment in that high-tech niche has fallen in the seven years that AeA has been compiling its state-of-the-industry report.

The AeA depicted this year’s work force erosion as an encouraging sign, noting that the projected job losses represent a significant improvement from the 2002 purge.

With the improving economy helping boost corporate spending on computer hardware and software, the high-tech industry should begin adding jobs during the spring, predicted William Archey, the AeA’s president and chief executive officer.

“There isn’t going to be a massive infusion of new jobs right away because companies have gotten used to operating leaner and meaner,” Archey said during an interview.

So I just have to survive until spring and my chances of finding something new to do will improve. Coolness. A light at the end of the tunnel at last.

4 thoughts on “Bad News/Good News for Tech workers.

  1. I sympathize, Les, I really do.  I’m going to be finishing up my degree in English sometime next semester, and hope to be getting a “real” job sometime soon after that.  Unfortunately, it appears that a PhD no longer means what it used to. . . most schools are using a LOT of adjunct teachers in their humanities departments, and adjuncts usually make about 12K a year.  Obviously, I won’t be paying of my 60K$ student loans, or buying a house on that salary.  Apparently “adjunct” is actually a synonym for “slave.”  Everytime I see the lack of tenure track jobs, I kick myself and mumble “should’a gone into computers.”  Then I see how many people have been losing their jobs in the tech sector, and I mumble “should’a made sure I was born rich.”

    It’s the promise of America—bust your ass, do all the right things, and if you get lucky on top of it, you just might be able to survive.

  2. Damn it nowiser, I’m in nearly the exact same boat you are, but several years back – I’ve jumped around schools for a while, and only have 2 years worth of credits under the belt in nothing paticular (except for a minimal smathering of CS stuff). I realize I can’t expect to get a job in the private or corporate sector in anything computer related, now. Nothing that would pay, at least.

    I’m thinking of trying to get a security clearance and join up with a federal agency (after I get a degree or two, and maybe a masters/PhD, if time permits), or possibly get a teaching degree – after all, education is one of the few things that is promised to always need workers, even if it doesn’t pay well all the time.

    Plus, teacher + school network admin might rake in a bit more money, and I’d have to deal with brats less. smile

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