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Job Cuts Take Heavy Toll on Telecom Industry
by Jeremy at 8:11 am EDT, Jun 29, 2002

WorldCom's downfall is swelling the exodus of workers from the telecom industry, which alone has accounted for more than 10% of jobs lost in the latest US recession.

Having wildly overexpanded in the 1990's, telecom companies have been rushing to shrink ever since, serving as a drag on the economic recovery.

"Another 10 percent have to go ... and the industry won't need them back."

Are you still working in the telecom industry?


 
 
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