Hi-Tech is in Trouble

Posted on 02. Nov, 2008 by hilzfuld in Random, Tech

Motorola just announced that they are going to be laying off a whopping 3,000 employees, two thirds of which are from the handset department. I cannot say I am surprised when they are wasting their time and energy designing phones like the Aura.

The thing is, Motorola is not the only Hi-Tech company that is in the process of layoffs, not even close. The entire industry is going through a major crisis, in fact it is so bad, CNET has a dynamic chart of all the Hi-Tech companies that have laid off employees including the exact numbers. Check it out here.

The companies that have recently laid off employees include Aliph (does that mean the Jawbone is going to get a price reduction or the opposite?), Symantec, Xerox, Yahoo (do I really need to link to Yahoo.com?), and one company that has affected your favorite blogger, yours truly, Comverse. The list goes on.

In trying to shine some light on the very dark situation, I will say, let’s just hope this crisis forces companies to improve their products or lower their prices, after all, with or without a paycheck, I still need to buy new cellphones, don’t I?

-Hillel

Tags: layoffs