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Wednesday, March 11, 2009

National Semi Chips Away at Workforce

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National Semi to Workforce: “What Color is Your Parachute?”

largest-axe3jpgTo see just how badly the continuing erosion of consumer confidence is affecting the chip industry, one need only look at the pitiable state of National Semiconductor. After announcing third-quarter revenues that were down 31 percent from the previous quarter and 36 percent from the same period a year earlier, the company said today it would sack more than a quarter of its workforce.

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Friday, December 12, 2008

Fairchild’s Year Without a Santa Claus

If life is a cement trampoline, then Fairchild Semiconductor just performed a flat back landing. It’s hand forced by those oft-cited “market conditions,” the company said Friday it is sacking 12 percent of its workforce in an attempt to reduce expenses and spread holiday cheer.

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Friday, November 14, 2008

Tech Sector to Release 180,000 Workers Into Wild: The Challenger Release in Its Entirety

Stupefying.

The year-end total for tech sector job losses in 2008 is expected to reach 180,000, according to Challenger, Gray & Christmas. That’s the largest annual job loss for the sector since 2003, when tech firms sacked some 228,325 employees.

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About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.

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Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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