41K tech jobs eliminated in Q3 2005

Challenger, Gray & Christmas claim that technology is one of the few areas of the economy that has failed to add jobs consistently over the past 12 months. The pace of job-cutting in the sector through the Q3 2005 is almost 20% ahead of 2004. The report said that technology firms announced 41,439 job cuts in Q3 2005, up 4.3% from 39,720 in Q2 2005. For Q1-Q3 2005, tech job cuts of 140,696 are 18.8% higher than Q1-Q3 2004 total of 118,427 in 2004.