Within the past 24 hours the tech world has taken another hit in terms of job layoffs. Between two well known companies, IBM and Agilent, there will be more than 7,700 employees laid off. According to BNET, layoffs in January and February [in high tech were] almost quadruple those in the full first quarter of 2008 and far in excess of the portion of the economy that the sector represents.
On Wednesday, IBM announced that they would be cutting an additional 5,000 jobs. This represents about 4% of IBM’s U.S. workforce, which totaled 115,000 at the end of 2008. IBM has about 400,000 employees worldwide.
And today Agilent announced that they would be cutting 2,700 hundred jobs which accounts for 14% of their workforce.
Glassdoor Report: Agilent & IBM Ratings
Company
Company Rating
CEO Name
CEO Rating
Agilent
3.5
Bill Sullivan
54%
IBM
3.2
Samuel J. Palmisano
42%
