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High-Tech Industry Drops More Workforce

An industry report shows the high-tech industry shed another 236,000 jobs last year, continuing a two-year purge that shows few signs of easing.

The analysis was done by AEA, an industry trade group formerly known as the American Electronics Association.

The report shows the nation€™s tech employment totaled 5.15 million jobs at the end of 2002. That€™s a four percent drop from the year€™s outset. According to the report, since January 2001, high-tech employers have dumped 560,000 workers to pare their payrolls by ten percent.

Although the cuts last year were less severe than 2001, the trends still weren€™t encouraging. High-tech jobs dwindled every month of 2002, with slightly more than half of the cuts – 123,000 jobs – occurring during the final half of the year.