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Tuesday, July 7, 2009

IT Jobs Stabilize; Tech Unemployment Rate 5.5%

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The hemorrhaging of IT jobs stopped in the second quarter, as the IT sector added about 44,000 jobs amid a moribund white-collar job market, the latest government surveys show. However, the IT unemployment rate, at 5.5%, remains at its worst mark in five years. The economy employs about 8% fewer IT professionals than one year ago, a 343,000 job decline, with just under 3.8 million employed ...

Canon Reportedly Cutting 700 Jobs

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SAN FRANCISCO—Japan's Canon Inc. plans to cut about 700 jobs from its lithography stepper division, according to various reports. Most of the affected workers are located in Japan and at least some of them will be transferred to other sections within Canon, according to a Reutersreport. Citing the Nikkei business daily, the Reuters report said that 700 jobs is roughly 30 percent of the stepper ...

Global IT Spending To Drop 10.6%: Forrester

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Businesses and governments worldwide will spend 10.6% less this year on information technology than in 2008, a market research firm said, dramatically lowering its 2009 forecast. Forrester Research also lowered its projection for IT spending in the United States, saying it would fall by 5.1% this year. Forrester in January had projected a 3% drop in global IT spending and a 3.1% decrease in ...

Oracle Execs See First Hints Of IT Spending Turnaround

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It's just a glimmer, but Oracle (NSDQ:ORCL) is starting to see a bit of light at the end of the recession tunnel. Oracle executives, speaking on the company's fourth-quarter/year-end earnings call Tuesday, said Oracle's sales pipelines grew during the quarter "rather significantly," in the words of Safra Catz, Oracle co-president. And there are early indications businesses may be loosening ...

1 In 5 Companies Cutting IT Security Spending, Our Survey Finds

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Cutting IT security spending, unthinkable a couple of years ago, is officially on the table. Just a year ago, even with a recession taking hold, only 6% of companies planned to trim security. This year, 19% are cutting, our Strategic Security Survey finds, while only 27% are increasing spending on IT security, down from 40% who were a year ago. At the same time, CEOs desperate to make their ...

Why Managers Should Care About Employee Loyalty

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The landmark Ipsos Loyalty Study, the largest study of loyalty ever conducted, found less than 30 percent of US employees say they are loyal to their company. Only about 25 percent of US employees think their employer has earned their loyalty. The long-term success of any company depends heavily upon the quality and loyalty of its people. Few corporate executives would disagree with this idea ...
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