| Folks who were hoping that bad dot-com news would abate for the holidays have another thing coming. A whopping 8,789 people in the dot-com sector lost their jobs last month, a 55 percent increase from the October figure of 5,677, according to new figures from Challenger Gray & Christmas, a Chicago outplacement firm.
That brings the grand total to 31,056 Internet-related jobs lost since last December when Challenger started tracking the trend. And this is not likely to be the end of it.
“Many dot-coms stretched their capital to reach into this holiday season, and as that happens we will see a number of companies reach the point of no return,” said John Challenger, CEO of Challenger Gray & Christmas. |
