Hi-Tech is in Trouble

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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?


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Hillel Fuld is a global speaker, entrepreneur, journalist, vlogger, and leading startup advisor. He brings over a decade of marketing experience with leading Israeli and Silicon Valley startups, and currently collaborates with many global brands in an official marketing capacity including Google, Oracle, Microsoft, Huawei, and others.      Hillel covers the dynamic local tech scene for many leading publications including Entrepreneur magazine, Inc, TechCrunch, Mashable, The Next Web, Business Insider, The Huffington Post, Venturebeat, and others. Additionally, Hillel mentors startups across Israel in different accelerators including The Google Launchpad, the Microsoft Ventures accelerator, Techstars, The Junction, and more.    Hillel has been named Israel’s top marketer, 7th top tech blogger worldwide, has been featured on CNBC, Inc, and was dubbed by Forbes as “The Man Transforming Startup Nation into Scale-up Nation”.       Hillel has hundreds of thousands of followers across the social web and can be found on Twitter at @Hilzfuld. You can learn more about him on his website: www.hilzfuld.com


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