Tech Job Losses Slowing

December 31, 2001 ( - Fewer laid-off technology workers hit the street in December, with the lowest number of announced monthly firings in 18 months, according to a regular survey.

A Reuters report said Challenger, Gray & Christmas, a Chicago-based outplacement firm, put December’s job losses at dot-com companies at 2,403.

That was down from 2.901 in November and well under the 10,459 job cuts announced in December 2000. It was the fourth time in six months that the number of planned technology job cuts fell.

But Internet employment reductions for 2001 were still 100,925, more than 2-1/2 times above last year’s total, Challenger, Gray said.