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Sunday, 16 November 2008 16:49

17,500 jobs slashed at BT, Sun and Yahoo!

File under: this has been a bad week for technology workers. As the economy continues to squeeze technology companies, staff are set to get crunched by swathing job cuts at BT, Sun and Yahoo! 

Not everyone in tech is feeling the credit crunch pinch, in fact some seem to be spending their way out of it like Symantec with the USD $695 million purchase of MessageLabs.

Meanwhile, others are putting a brave face on it and suggesting that the credit crunch will not impact upon IT spending.

Back in the real world, however, things seem very different. First BT publish half year results and admit, according to Chief Executive Ian Livingston that profits in BT Global Services are "simply not good enough."

The BT solution appears to be slashing some 10,000 jobs over the next few months, axing six percent of it's global workforce to be precise. BT claims to have already got rid of 4000 staff, which leaves a further 6000 facing the chop before March.

Then came the news that Sun Microsystems was also cutting jobs in order to improve the bottom line. This time looking to axe anywhere between 15 and 18 percent of the workforce.

That equates to as many as 6000 staff which will fall through the cracks as the company restructures itself into three separate divisions, breaking up the Software Group as it goes.

And now, the final hammer blow for IT workers in this trilogy of turmoil, it seems that Yahoo! is also wielding the axe. On December 10th it is set to cut the workforce by at least ten percent.

In actual numbers that works out to around 1500 people on a global basis, as Yahoo! continues to lose share value and continues to look for a buyer if all the rumours are to be believed. Maybe it should have taken the Microsoft dollar when it was offered.


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