According to Wired News: Tech-Job Meltdown in Final Stages things are going to get a little worse before they get better in the tech-job market, but the “getting better” part should start to kick in next spring:
SAN FRANCISCO—About 12 percent of the nation’s high-tech jobs have evaporated during the past two years, but the tech-job drain appears to be in its final stages, according to an industry report to be released Wednesday.
After wiping out 540,000 jobs in 2002, high-tech employers are on pace to lay off another 234,000 workers this year, based on figures compiled by the AeA, a trade group formerly known as the American Electronics Association.
Based on the AeA’s estimates, the high-tech industry will end this year with about 5.73 million workers, down from 6.5 million employees at the end of 2001.
The 2002 contraction included 146,000 job losses in the software sector, the first time employment in that high-tech niche has fallen in the seven years that AeA has been compiling its state-of-the-industry report.
The AeA depicted this year’s work force erosion as an encouraging sign, noting that the projected job losses represent a significant improvement from the 2002 purge.
With the improving economy helping boost corporate spending on computer hardware and software, the high-tech industry should begin adding jobs during the spring, predicted William Archey, the AeA’s president and chief executive officer.
“There isn’t going to be a massive infusion of new jobs right away because companies have gotten used to operating leaner and meaner,” Archey said during an interview.
So I just have to survive until spring and my chances of finding something new to do will improve. Coolness. A light at the end of the tunnel at last.