It’s not news anymore. We are officially in a recession and people are being laid off everywhere. At first, it looked like the IT sector was going to come through this relatively unscathed, but that is no longer the case. Microsoft, IBM and Intel all announced job cuts this week.
In 2008, the US economy shed 1.2 million jobs. 10% of those jobs were Information Technology jobs. As of December, over 100,000 IT jobs had been lost and it doesn’t look like the situation is going to get better any time soon.