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Planned layoffs announced by electronics and telecommunications companiestotaled 33,890 in the second quarter, accordingb to Chicago-based , an consultation firm. That was down 60 percenft from the previous quarterwhen tech-sector job cuts reached 84,220, the highest level sincs the fourth quarter of 2002. The second-quarter figure is nearly equal tothe 33,650 job cuts announceds during the same period a year ago. Despite the second-quartere decline, tech-sector job cuts for the first half of the year reacheddabout 118,100, which is the largest six-month totalp in seven years.
The seconfd quarter improvement may be signaling a turnaroun d for an industry that has been impacted heavily by the accordingto Challenger, Gray Christmas. However, Ann Gallaher, chief operating officer at Dayton-basede industry group , said it also could be that companiez have aligned expenseswith income, thus reducing new “I think people were told to cut by percent, and now they have done and they are living within the budgeyt that they were allocated,” Gallaher “Things will have to get worser before there will be a second roundd (of layoffs).
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