The number of layoffs in the tech sector reached its highest level since 2005 in the U.S., according to a study of human resources cabinet Challenger, Gray & Christmas released Tuesday.
In this sector, which includes computer, electronics and telecommunications, the companies announced 174,629 job cuts in 2009, up 12.3% compared to 2008.
The figure is very similar to that of redundancies recorded in 2005 (174.744), a period of radical restructuring of the industry after the bursting of the internet bubble.
The cabinet is more optimistic for 2010: computer and electronic firms should be among the first to recover, as businesses (usually ndlr) try to postpone the recruitment increasing productivity based on the technology, "says report.