major layoffs

[joanna bujes]

At 12:03 PM 02/21/2003 -0500, you wrote:
>The job market is pretty weak, but be careful about making too much
>of these layoff announcements. They're motivated in large part by the
>companies' attempts to impress Wall Street that they're cutting
>costs. It's not clear whether they'll actually happen. The
>headhunting firm Challenger, Gray, & Christmas collects them and puts
>out a monthly count, and I haven't been able to find any correlation
>between them and the national employment numbers.

The tech market is in deep shit. I don't know ONE person who has lost their 
hi-tech job and has been able to find another in Calif. One had to move to 
NY for a job; everyone else is getting a teaching credential.

Joanna