Computer Industry is The Third Largest Among Job Cuts

The U.S. job cuts that is announced in January soared to 241,749 across all industries, marking the largest monthly cut in the past seven years, according to a report released Wednesday by Challenger, Gray & Christmas.

challenger_chart(Credit: Challenger Gray & Christmas)

The computer industry ranked No. 3 among the industries facing the biggest ax in January, with 22,330 layoffs announced.

For an industry already under siege, it offers little encouragement after the tech sector exited last year with 186,955 job cuts in the telecommunications, computer, and electronics sectors. That figure was 74.2 percent higher than the previous year, according to a Challenger report from last week.

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