We got the May job cut numbers from Challenger, Gray & Christmas, and the welcome trend of lowering job cuts continues overall. Unfortunately, the tech sector bucked the trend, more than doubling announced layoffs compared to April.
If anything, the jump shows that high tech is still running scared and reacting to poor earnings, so looking for a rebound in the near future seems unrealistic. More to the point, many companies seem to be leaving the door open to additional layoffs.
Executioner image via stock.xchng user sateda, standard site license.