Job losses slow in Silicon Valley

By on January 19, 2004, 1:26 PM
Silicon Valley is apparently still losing jobs, but more slowly than in recent years, according to the latest annual report from Joint Venture Silicon Valley, a nonprofit organization.
Since mid-2003, anecdotal evidence suggests that the rate of loss has continued to slow, giving Silicon Valley's economic leaders reason to hope that the rebound in spending for technology that is becoming evident may soon translate to renewed job growth.

Read more: [URL=http://news.com.com/2100-7342_3-5143208.html?tag=nefd_top]CNet News[/URL].

On a related note, IBM announced is about to take on 15,000 more staff in 2004. Most new positions will be in software and services, and 4,500 net jobs will be created in its American homeland. This will take IBM's headcount to 330,000, its highest since 1991.

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