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HIGH TECH HIRING SLOWDOWN


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#1 qqqqtrdr

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Posted 06 February 2007 - 10:52 AM

A majority of high tech companies are worried about Sales the first part of this year. I was hoping to become re-employed in semiconductor design at the first part of this year as jobs opened up as companies hire based upon their needs. This has not happened, because most requisitions have been frozen as semiconductor companies do not see the demand for electronic products as they have hoped. This is not one or two companies, this is across the board. There are jobs out there to be had, but they are not abundant like they were in Q1 2006, expect in California, where high techies are moving elsewhere. I went to the mall yesterday to shop for a Valentine's day gift. I walked by 3 Sprint booths, 3 cingular, and 2 t-mobile as these companies are trying their best to steal subscribers away from each other. With so many booths at a single mall, it seems definitely seems like a top is made in the phone market. I am hoping for a good 2007 for high tech, but I currently don't see it. I just hope we don't see too many layoffs before I can find a positon.... Barry

#2 arbman

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Posted 06 February 2007 - 12:14 PM

Sorry to hear about your situation, the boost in the hiring is the last in the economic cycle. If you feel like the labor market is slowing down, it is probably a genuine economic slow down. Perhaps, Apple's untimely product release was the indication that marked the top... - kisa

#3 qqqqtrdr

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Posted 06 February 2007 - 12:32 PM

Sorry to hear about your situation, the boost in the hiring is the last in the economic cycle. If you feel like the labor market is slowing down, it is probably a genuine economic slow down. Perhaps, Apple's untimely product release was the indication that marked the top...

- kisa


Kisa -

Thanks for your thoughts. We shall see what happens. Unlike 2000, there is not a lot of extra people on the design side in high tech. Most of the fluff is on the consumer sales side. For hiring it is still not real easy for employers to find people, but it is not tight enough to really negotiate hire salaries...

Barry

#4 traderpaul

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Posted 06 February 2007 - 01:09 PM

Sorry to hear about your situation, the boost in the hiring is the last in the economic cycle. If you feel like the labor market is slowing down, it is probably a genuine economic slow down. Perhaps, Apple's untimely product release was the indication that marked the top...

- kisa


Kisa -

Thanks for your thoughts. We shall see what happens. Unlike 2000, there is not a lot of extra people on the design side in high tech. Most of the fluff is on the consumer sales side. For hiring it is still not real easy for employers to find people, but it is not tight enough to really negotiate hire salaries...

Barry

The problem is companies are moving their manufacturing, design and research centers to China and India.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#5 qqqqtrdr

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Posted 06 February 2007 - 02:17 PM

Sorry to hear about your situation, the boost in the hiring is the last in the economic cycle. If you feel like the labor market is slowing down, it is probably a genuine economic slow down. Perhaps, Apple's untimely product release was the indication that marked the top...

- kisa


Kisa -

Thanks for your thoughts. We shall see what happens. Unlike 2000, there is not a lot of extra people on the design side in high tech. Most of the fluff is on the consumer sales side. For hiring it is still not real easy for employers to find people, but it is not tight enough to really negotiate hire salaries...

Barry

The problem is companies are moving their manufacturing, design and research centers to China and India.....




Off shoring of design centers have pretty much subsided for a couple reasons. A two-year engineering degree in India is not the same as a four-year engineering degree in the US, so many companies are actually pulling somewhat out of India for culture and language differences. but many others are only hiring in India and China if they can find people to work. However, they have off shored over half of all design centers already to overseas.

Barry

#6 pdx5

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Posted 06 February 2007 - 03:42 PM

A smart business will do everything in it's power to cut costs. That includes finding qualified workers in other countries. It sure as heck beats the alternative of going out of business.
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#7 selecto

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Posted 06 February 2007 - 09:44 PM

Yes, apparently one of the great benefits of globalization is that the work can be taken to the slave, rather than bringing the slave to the work, where he will reproduce and demand assimilation.

#8 OEXCHAOS

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Posted 07 February 2007 - 06:56 AM

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#9 SemiBizz

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Posted 07 February 2007 - 09:59 AM

You do not need a PhDEE to understand this... Less chips, less companies making them, less chip designers. and so on... Today there is a still a global shortage of engineering talent. At the rate they are being educated and trained in the Third World combined with the advances in VLSI, and product convergence - in just a few years there will be a Worldwide Glut of them.

Nokia Selects Single-Chip from Infineon for Entry Level Mobile Phones

MUNICH, Germany--(BUSINESS WIRE)--Infineon Technologies (NYSE:IFX - News; FWB:IFX) today announced that Nokia has selected Infineon as a supplier of baseband and RF (Radio frequency) chips for GSM mobile handsets. The highly integrated single-chip E-GOLD™voice will be incorporated in selected future entry level phones from Nokia.

The Infineon E-GOLD voice system-on-chip solution combines a baseband processor, radio frequency transceiver, power management unit and RAM in a footprint measuring just 8 mm x 8 mm. The solution is designed for voice-centric phones with features like color display, text messages, MP3 quality ring tones and applications such as Integrated Handsfree and Speaking Clock.


Less chips, less end products, less engineers needed to design and manufacture them.

Edited by SemiBizz, 07 February 2007 - 10:00 AM.

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#10 SemiBizz

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Posted 07 February 2007 - 11:44 AM

I think the market seems to understand it. Look at the performance of the handset chip suppliers vs IFX on this news today...



http://bigcharts.mar...&mocktick=1.gif

Big Downside Volume in TXN... says we're going back under 30 to retest the volume low and gap...

http://bigcharts.mar...&mocktick=1.gif

Edited by SemiBizz, 07 February 2007 - 11:51 AM.

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