This holiday season, many IT and telecom professionals likely are finding it tough to celebrate as they find themselves facing unemployment.
The trend of IT and telecom giants trimming expenses continued during the second half of this year. A number of job cuts resulted from massive M&A; however, Janco Associates is expecting a brighter outlook for all IT professionals — except for those in telecommunications.
Our layoff tracker below recaps cuts at CenturyLink, Brocade, HPE and more that occurred during the second half of 2017, whether prompted by M&A or streamlining measures.
@SamsungMobile Unfolds the #GalaxyFold Fold at Unpacked, Adds #5G phone and #WiFi6 at #Unpacked2019 goo.gl/fb/W9B9Fz
February 22 2019 @ 21:34:52 UTC
.@MNJTechnologies and @MomentumTelecom made this week's list of most read stories. See who else made the list. goo.gl/fb/tLXktc
February 22 2019 @ 20:00:55 UTC
4 Reasons a Small Business Should Avoid Borrowing goo.gl/fb/2CKmQT #businessstrategy #opinions #channelpartnersinsights
February 22 2019 @ 17:19:51 UTC
.@AireSpring hires former @CenturyLink @MegaPath execs as regional #channelmanagers. #cloud #SDWAN goo.gl/fb/1nEQSQ
February 21 2019 @ 17:45:02 UTC
.@BCNTelecom1 expands its agreement with a long-time partner. goo.gl/fb/S25Sjj
February 21 2019 @ 02:23:04 UTC
RT @Channel_Expo: We're proud to announce AT&T as our Official Security Sponsor! Meet with them at #CPEXPO at booth 531 >> https://t.co/uT…
February 20 2019 @ 21:19:29 UTC
.@MomentumTelecom acquiring Metro Optical to expand portfolio. #UCaaS #SDWAN goo.gl/fb/16EkGM
February 20 2019 @ 21:10:12 UTC
What led to @MNJTechnologies winning over a customer from a major carrier? It wasn't just cost. goo.gl/fb/Zt3swJ
February 19 2019 @ 23:50:48 UTC
12-28-17 NBR reported that “IT sector in index traded funds represented 24%” of their portfolio(s). So if these professionals have kept their skills current they should not any trouble finding work. There seems to be an IT worker shortage which is why cloud computing seems to be growing at a healthy pace.
CenturyLink has continued it’s layoffs in 2018 , targeting workers over 40 and especially over 50. Many employees were surprised by the recent cuts. Upper management kept it secret until employees were without notice escorted out the door by Hr or supervisors. IT is not the only people being let go , it is across all areas of the company. Jeff Story and Glen Post have promised Wall street hundreds of millions in Synergies or cost reductions by implementing an RIF every quarter of 2018.