Economic Downturn = Layoffs
October 23rd, 2008 by Nate LinnellAs fears of a deep recession increase, companies are beginning to tighten their belts in anticipation of the worst. Many tech companies are among those realizing that cuts are necessary to stay afloat and survive the current economic situation.
In the past few weeks it has become increasingly apparent that executives at tech companies, many of whom lived through the bursting of the last tech bubble, are now heeding the advice of their funders and other advisers by shedding costs wherever possible. Many of these cost cutting measures include layoffs.
Techcrunch recently began tracking the layoffs within the tech community and to date have tracked 3,689 employees being layed off from 22 companies. To learn more check out the TechCrunch Layoff Tracker.
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