(Reuters) - Firms in the computer sector announced the elimination of
13,631 jobs in May, nearly double the 7,161 announced by the
automotive industry, which ranked second in announced layoffs,
Challenger said.
"Heavy job cutting in the computer industry reflects a
slowdown in business spending on new technology," John A.
Challenger, chief executive officer of Challenger, Gray &
Christmas, said in a statement. "We may continue to see heavy
cuts in the months ahead with spending expected to remain soft
in the near future."
Read more at Reuters.com Bonds News
13,631 jobs in May, nearly double the 7,161 announced by the
automotive industry, which ranked second in announced layoffs,
Challenger said.
"Heavy job cutting in the computer industry reflects a
slowdown in business spending on new technology," John A.
Challenger, chief executive officer of Challenger, Gray &
Christmas, said in a statement. "We may continue to see heavy
cuts in the months ahead with spending expected to remain soft
in the near future."
Read more at Reuters.com Bonds News
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