Announced Job Cuts in IT – Up 68 percent in the first half of 2014, without counting those by Microsoft

Even before Microsoft announced plans to reduce its workforce by 18,000, a new report shows that job cuts in the technology sector were well ahead of last year’s pace.

Through the first half of 2014, employers in the technology sector announced plans to cut payrolls by 48,402, 68 percent more than the 28,883 announced layoffs in the first six months of 2013, according to a special mid-year report on technology-sector job cuts released Monday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Chosen excerpts by Job Market Monitor. Read the whole story at On Heels of Microsoft Announcement, Tech Cuts Soar 68 Percent in First Half of 2014 | Challenger, Gray & Christmas, Inc..