Global IT sector hit hard by CEDT.
The IT sector around the world is being hammered by job losses because of the current economic down turn (CEDT).
Just today Microsoft sacked 1400 people, and a further 3600 will go in the coming months. There are fears that up to 60000 jobs will go at the Intel facility in the Philippines. Intel are the biggest computer chip makers. Their competition AMD has already shed 1100 jobs a couple of days ago. Texas Instruments have already started laying off 400 jobs from its semiconductor factory in the northern resort town of Baguio due to the global financial crisis (GFC).
Sun Microsystems Inc. have already laid off 6000 people. Santa Clara, which this week unveiled plans to reduce its global workforce by about 12% or 1800 workers. National Semiconductor Corp., said it is cutting 330 jobs.
One of the largest cuts announced last year September after the merger of Hewlett-Packard Co. and Electronic Data Systems Corp. Hewlett-Packard Co. said that it planned to cut as many as 25,000 employees as a result of the merger.
Lenovo started 2009 by announcing plans to cut 2500 jobs or 11% of its workforce. In Tokyo, electronics and entertainment giant Sony Corp. said that it would offer early retirement to employees in its TV division and would eliminate jobs at its movies, music and games units. The company, which is facing its first yearly loss in 14 years, also said it would cut 1000 temporary workers in Japan when it shut down a TV plant.
Autodesk Inc. cut 750 jobs, while Advanced Micro Devices Inc. eliminated 1100 positions – on top of 2200 announced layoffs last year.
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