Cloud Computing: Disruption – The Computer Industry Had More Job Cuts In 2014 Than Any Other Industry

January 13, 2015 Off By David

Grazed from BusinessInsider. Author: Matt Rosoff.

The tech industry is red hot. Salaries for computer programmers hit an all-time high last year. Tech workers are asking for more money than ever before — and can often pick and choose between multiple job offers. The top six best-performing cities in the US are all tech hubs. Rents in San Francisco and Silicon Valley are absurd.

So can you guess which industry had more layoffs in 2014 than any other? The computer industry. That’s right: According to job placement firm Challenger, Gray and Christmas, the computer industry cut 59,528 jobs last year. That’s up 69% from 32,136 job cuts in 2013, and it’s way ahead of the No. 2 worst-performing sector, retail, where 43,783 jobs were cut in 2014…

The firm notes that the tech industry is overall very strong, and "enjoying the fruits of expansion."…

Read more from the source @ http://www.businessinsider.com/computer-industry-more-job-cuts-in-2014-than-any-other-industry-2015-1#ixzz3Ok9ZFiJA