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ECT News Community   »   E-Commerce Times Talkback   »   Re: Report: Dot-Com Job Cuts Fall to 12-Month Low



Re: Report: Dot-Com Job Cuts Fall to 12-Month Low
Posted by: Michael Mahoney 2001-08-29 13:17:25
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The latest dot-com job cut numbers released Tuesday by Challenger, Gray, & Christmas (CGC)
paint a rather mixed picture of the Internet economy.


On the one hand, dot-com layoffs in August fell 44 percent from July, to reach a 12-month
low of 4,899. On the other, the number of dot-com firms that permanently closed up shop
leaped 133 percent in August, with 21 companies calling it quits. CGC chief executive
officer John A. Challenger told the E-Commerce Times that although the end of the
dot-com shakeout may be at hand, it will be a slow and measured process.


Re: Report: Dot-Com Job Cuts Fall to 12-Month Low
Posted by: Didier 2001-08-29 13:18:44 In reply to: Michael Mahoney
I think it would be good to report along with this news how many dot-com job vacancies there are, and in what categories.

And I would like to see studies about how long dot-com workers who are laid off remain unemployed.

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