“Among U.S. technology companies with a market value of more than $100 million, almost 50 increased employment by more than half in the most recently reported two-year period, according to data compiled by Bloomberg,” Heather Perlberg reports for Bloomberg.
“While the broader unemployment rate dropped to 8.5 percent in December, reaching a three-year low, few companies outside of technology have as voracious an appetite for workers,” Perlberg reports. “In the software and services industry, 74 companies with more than $100 million in market value expanded their workforce by at least 10 percent. That was more than any other industry group measured by Bloomberg.”
Perlberg reports, “Apple Inc., Google Inc., Amazon.com Inc. were among the companies that increased their workforce by at least 50 percent in the past two years, Bloomberg’s data showed… Some employers are concerned that the hiring spree resembles the go-go days of the dot-com bubble. When technology stocks crashed in 2000, thousands of jobs vanished. Silicon Valley lost more than 85,000 positions between 2001 and 2008, and the other technology hotbeds suffered similar losses.”
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MacDailyNews Take: One key difference between today and the sock puppet days: Apple makes real products and has the world’s most successful and rapidly-growing network of retail stores in which to sell them. $100 billion in the bank vs. vaporous fantasies.