The employment situation in the US has been outright rosy. Initial unemployment claims have been bumping along near record lows. Whether or not companies are hiring, at least they’re not axing people in massive numbers. The unemployment rate of 5.8% is practically comfort inducing. OK, we can smell the odor of the details underneath, but hey. And for September, the Challenger Job Cut Report raved about 2014 being “on pace to be the lowest job-cut year since 1997.”
Got it. Things are good. Continue reading “Layoffs Explode In America’s Big Old Tech Companies”