Technology firms have announced plans to cut 19,112 jobs this week - and it's only 10a.m. BST on Thursday.
Most of the jobs, some 10,000, went at troubled telco equipment maker Lucent on Wednesday. Perhaps bigger surprises, however, were Linux distributor VA Linux's decision on Wednesday to stop selling Linux computers from 10 July, with the loss of 35 per cent of its workforce (153 jobs), and the 1000 jobs cut by mobile phone market leader Nokia on Thursday morning.
On Wednesday, VA Linux said it would focus on software as, according to chief executive Larry Augustin, "based on where the economy is going, it just doesn't make sense to just sell hardware".
Analysts said that the company's hardware unit had always been "pretty unprofitable" but that the decision to scrap a core line would hit company morale hard.
Citing slowing demand for network equipment, Nokia has laid off 1.7 per cent of its networking division, comprising mainly marketing, sales and admin staff.
Analysts warned that more job losses at Nokia were likely to follow this autumn, and the phone firm issued a profits warning earlier this month.
Also on Wednesday, online directories firm Scoot laid off 285 of its 2000 staff, lost its chief executive and financial director and warned that it would run out of cash by September unless it secured new financing.
Other cuts announced since Monday include:
- IT services firm Cap Gemini (2700)
- Electrical components maker Kemet (1805)
- Philips (1235)
- IT trainer New Horizons (around 700)
- Data services firm Acxiom (412)
- Internet service provider Covad (400)
- Chip maker Altera (152)
- Nasdaq (140)
- Digital TV firm On Command (around 130).
In addition, undisclosed numbers will be cut from optical components maker JDS Uniphase and wireless data products firm Aether as part of $78m in cost savings planned by Aether. JDS has already axed 8000 staff this year, and currently employs 20,000.
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