From DICE, February 17, 2009...
Last week we published an updated Local Market Report for Silicon Valley, which didn’t paint the prettiest picture of the employment situation there.
"While the 12,000 or so tech jobs lost there last year is but a fraction of the 200,000 created and then decimated by the dot.com boom and bust of 2000 and 2001, the positions being eliminated now represent a cutting to the bone by flagship companies that in some cases have never imposed layoffs before. The past couple of months have brought news of 6,000 cuts at Google, 5,000 or more at Intel (after a 90 percent drop in fourth-quarter income), 600 at Adobe, perhaps 3,000 at Yahoo!, and 1,000 at eBay. Things are changing, and changing fast."
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