Tech, IT and Internet Jobs Lost

By the end of March, Toshiba lost 350 billion yen--resulting in 3900 job cuts by April. Many in the tech and internet industry are in the same boat. IBM has cut 5000 jobs, and Nortel has slashed 3200 positions. These cuts represent only the recent round of firings from February through April. Many feel that the economy is nearing the bottom, while others warn that we still face tough times ahead.