Despite layoffs, companies are better prepared
(NEWSER) - The tech industry is going through tough times, including widespread layoffs, but it's not going to be another dot-com bust, predicts the Economist, laying out the differences between 2001 and 2009. In 2000, technology companies grew nearly 16%, only to contract by 6% a year later. “The IT industry simply imploded,” says one vet. “It felt like the sector’s reason for being had disappeared.” But the industry is now global, and demand will continue to grow in the likes of China and India. More»