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Technology Jobs – Reasons for Recent Big Layoffs

Uh oh, where did all the tech jobs go? (Infographic)

Technology is hailed as a powerful engine of job creation, but things may not be as rosy as we like to think.

Yes, it creates opportunities for new businesses and new roles across all sectors, but there is also evidence that tech destroys jobs, and is largely behind the sluggish employment growth of the past 10 to 15 years.

Software and robots are replacing people in some areas, and as startups work furiously to automate key businesses processes and make workflows more efficient, sometimes people fall by the wayside.

Furthermore San Francisco is beset by worries and rumors of a tech bubble.

Not to be all gloom and doom (especially on a Sunday morning, gloom and doom go terribly with scones), but sometimes it is important to step back from all the back-patting about helping to employ America, and look at what is really going on.

Web hosting review site WhoIsHostingThis conducted a survey of the tech industry and its layoffs. The result is this infographic, which documents significant layoffs at giants like Cisco, IBM, and Oracle, as well as smaller companies like TaskRabbit and and Lytro.

In some cases, the layoffs are due to sluggish sales. In others, they happen because new markets are reluctant to adopt new forms of technology or because competitors swoop in with better products. Sometimes people lose their jobs as part of “restructuring” and efforts to make the business leaner.

However there is also evidence to support that despite some major layoffs, tech jobs are a vital and growing part of the economy.

Technology Jobs – Reasons for Recent Big Layoffs

Image courtesy of http://venturebeat.com

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