What do we do with the new college graduates that have great expectations of finding their first jobs after they graduate this spring. We preach to the younger generation, get a good education, and then we fail to provide that opportunity when the time comes. We must become more responsible to our youth, and not indulge in unnecessary wars and investments abroad. The investments, we make today, must be in the generations to come, to safeguard the future of us all. Therefore, we ask the question;
Has the Job picture improved lately?
Nokia will be cutting its workforce by roughly 4,000 employees by the end of 2012.
Nokia employs about 12,000 people in Finland alone – 1,400 jobs will be cut in Finland. All employees affected by the reduction plans can opt to remain on the Nokia payroll through the end of 2011. The company says it expects cuts to occur in phases until the end of next year, linked to the roll-out of its planned product and services portfolio. Nokia aims to reduce its Devices & Services operating expenses by 1 billion euros for the full year 2013 in comparison to the full year 2010, as previously announced.
Panasonic said, it would be cutting another 17,000 jobs, or five percent of its workforce over the next two years in trying to remain profitable against growing pressure from Chinese and Korean competitors. The current workforce is 367,000, and the cuts would bring this figure to 350,000. The new announcement comes on top of nearly 18,000 job cuts made over the past business year, and will thus bring the total number of job cuts to 35,000.
Globally, while the growth in Europe and U.S. remained sluggish, the industry was steady, driven by the emerging countries like China and India. The domestic market continued to be strong until last November due to a last-minute rush before the revision of the ‘eco-point’ system, the Japanese government’s economic stimulus program. However, in addition to sluggish demand since December, the devastation brought by the Great East Japan Earthquake on March 11, 2011 significantly impacted the world economy and fiscal 2011 ended without seeing the road to recovery.
There is hope, providing we make the right decisions about our choices in career select!
Sales and marketing are up well over 200 percent – why? Does this imply more sales opportunities and thus that IT sector spend is increasing?
IT sector spend is increasing and should continue to increase through the end of 2011. Recently in an IT Executive Outlook Survey of IT decision makers, it was found that nearly 50 percent expect their IT budgets to increase in 2011 compared to 2010.
Demand for systems engineering and support continues to be hot .What does that have to say about the market?
It tells us that hiring and project initiatives are robust and firms aren’t necessarily letting the economic downturn prevent them from moving forward implementing new programs. Systems Engineers typically work on large, complex projects and coordinate efforts of lower-level engineers which again points to robust growth. Large projects could include some of the hot topics in IT such as ERP and Cloud implementation projects or those of a similar vein that impact the entire enterprise.
Job openings are now higher than in August – the high point for 2010 – and are quadruple the total of March 09 – so is the IT job market truly back? Is further expansion ahead?
The first quarter of 2011 results, IT unemployment rate was reported at 4.7 percent a Year-On-Year decrease of 1.4 percent, which would show a tightening of the IT job market and an increase in demand for skilled IT workers. Although the IT unemployment rate will most likely remain extremely low throughout 2011 we could see an ebb and flow as uncertainty permeates the market place and firms continue to hire with caution.
Also found was that IT budgets for companies in the Financial Services, Healthcare, Retail and IT industries are significantly more likely to increase in 2011.
“Waiting to get back to lecturing the next generation of College students;” Hotdogfish