Tech sector employment is strong. So why are so many jobs getting cut?

Edward Gately, Senior News Editor

July 17, 2019

11 Slides

While tech sector employment remains strong, that doesn’t mean everyone in the channel has been able to avoid getting pinked-slipped this year.

AT&T, Lenovo, SAP and Oracle are among companies in the channel that have shed workers during the first half of the year as part of a cost-cutting strategy and/or business transformation. And according to CompTIA, telecommunications continues shedding workers, cutting an estimated 500 jobs last month.

The good news? The unemployment rate for technology jobs across the United States dropped to a 20-year low of 1.3 percent in May as hiring gains were recorded in both the tech sector and across the economy, providing opportunities for displaced workers.

Scroll through our layoff tracker below for a recap of cuts that occurred during the first six months of this year.

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About the Author(s)

Edward Gately

Senior News Editor, Channel Futures

As news editor, Edward Gately covers cybersecurity, new channel programs and program changes, M&A and other IT channel trends. Prior to Informa, he spent 26 years as a newspaper journalist in Texas, Louisiana and Arizona.

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