Dot-Com Job Cuts Level Off - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Dot-Com Job Cuts Level Off

Half as many dot-com jobs were cut in April compared with March, according to a recent report.

Dot-com job cuts continue to decrease, with the number falling to 824 in April, which is nearly half of the 1,549 reported in March, according to outplacement firm Challenger, Gray and Christmas.

The year-to-year comparison is even more dramatic. In March 2001, 9,533 dot-com workers lost jobs and 17,554 more joined the list the next month. Pink slips were given to 3,845 workers in the first four months of this year, compared with 51,564 by the end of April 2001. But the smaller numbers don't mean the picture is rosier for dot-coms in general.

"If you can't find paying customers, you can't stay in business--dot-com or not," says John Challenger, who heads up the firm. "We're in the midst of the next phase of the dot-com era," in which many companies have been weeded out, and "certain companies have found the pockets where online seems to work--like Amazon, eBay, and Travelocity."

Some who lost jobs in the fourth quarter as part of the fallout of Sept. 11 are considering taking a hiatus to spend more time with family as the emotional effect of the attacks continues. But will taking time off hurt how they're perceived by hiring managers?

Not necessarily, says Beverly Lieberman, president of Halbrecht Lieberman Associates, a recruiting firm for senior-level IT professionals. Taking a hiatus in summer won't hurt, especially for people who have skills that are in high demand. "By the end of summer, maybe [the job outlook] will improve."

But what about those who've been searching for a long time and are worried about how that will look on their resumés? "What will matter most is the kind of company you've been laid off from," she says. "If it's a major company, you may be suspect--but if it's a dot-com, the assumption is that you've just had bad luck."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
Slideshows
10 Top Cloud Computing Startups
Cynthia Harvey, Freelance Journalist, InformationWeek,  8/3/2020
Commentary
How Enterprises Can Adopt Video Game Cloud Strategy
Joao-Pierre S. Ruth, Senior Writer,  7/28/2020
Commentary
Conversational AI Comes of Age
Guest Commentary, Guest Commentary,  8/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
Special Report: Why Performance Testing is Crucial Today
This special report will help enterprises determine what they should expect from performance testing solutions and how to put them to work most efficiently. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll