Technically Philly is a news site covering technology, startups and venture capital in Philadelphia.

Tag Archives: unemployment

Apr200901

Christopher Wink

0

News





InterDigital drops 100 jobs

mo_111006aThe press release said the move was about “profitability” so, you know, don’t worry about it.

One-hundred people will lose their jobs with InterDigital, a King of Prussia-based wireless technology company, as the company closes further development of its SlimChip mobile broadband modem technology, according to a company press release.

That news was buried by the company’s announcement to expand its technology development and licensing business through targeted new investment in both cellular and non-cellular wireless technologies.


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Mar200912

Christopher Wink

2

Features



What is the tech employment scene like in Philly now?

It may not yet be as bad as the dot com bust of 2001, but tech industries are facing mounting employment pressure.

Country-wide, unemployment has raced past eight percent and, though in 2001 it reached seven, those unemployed in tech make up more than five percent of the industry, according to the most recent numbers from the Bureau of Labor Statistics.

In the Philadelphia region, the general unemployment number eclipsed seven percent, but within city limits, it is nearing nine.


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