Don E. Sears

Aerospace and defense contractor BAE Systems confirmed earlier July 19 that it has let go of 40 engineering workers in its office in Sterling Heights, Mich., according Crain’s Detroit Business. The company, which lost $70 billion in 2009, said government program funding delays contributed to the layoffs, but it also acknowledged that there were employees […]

Technology and health care led the pack in venture capital funding in the second quarter of 2010. These two sectors acquired the lion’s share of private funding with $4.6 billion of the $7.1 billion total investment in U.S. venture capital funding, according to a report by Dow Jones VentureSource. By year-over-year comparison, investment in technology […]

As part of a large downsizing effort of its labor force in 2010, Indianapolis-based Eli Lilly is cutting 340 information technology jobs, according to an internal announcement obtained by The Indianapolis Star. Eli Lilly–which manufactures and markets drugs that fight cancer, diabetes, fibromyalgia and erectile dysfunction, among others–announced last year it was planning to cut […]

Buck up, recent computer science bachelor’s degree holders. You are earning (or have the potential to earn) more than your peers by a nice margin.Computer and engineering graduates are receiving some of the highest starting salaries at present, although year-over-year starting salaries for these groups are down, according to the National Association of Colleges and […]

The jobs situation for technology workers is rocky. It is reflective of the larger economic picture in 2010. Data put out on June from the Department of Labor showed an increase of more than 9,000 jobs. It is welcome news, especially for those who have found employment. The bigger jobs picture, however, continues to be […]

Top 20 Risks Facing U.S. Tech Companies by Don E. Sears No. 20 Credit or financial risk of customers, vendors, suppliers: 48% No. 19 Labor concerns: 49% No. 18 Accounting, internal controls and Sarbanes-Oxley compliance: 54% No. 16 (Tied) Natural disasters, war, conflicts and terrorist attacks: 55%Inability to acquire capital or financing: 55% No. 15 […]

An overwhelming majority of companies have seen advanced security attacks on infrastructure, customer databases and internal systems by sophisticated malware, according to a report by the Ponemon Institute, an independent research and consulting firm dedicated to information management and privacy. The study, co-sponsored by the network-security vendor NetWitness, found 83 percent of 591 executives reported […]

Like the weather, job openings depend on where you live. New York, New Jersey and Pennsylvania are running hot, but California is filled with cooler June gloom as the state saw the largest decline in job openings in the month, losing 46,800 vacancies. Job vacancies for June were considered unchanged nationally as tracked online by […]

Tech companies have anxiety this year; some might call it agita. There are always risks in business. Yet, when 75 percent of the largest technology companies are not sure they will fulfill their corporate strategy this year, it’s easy to understand 2010 as a bumpy and tenuous year for IT budgets, jobs, the economy and […]

Seattle-based RealNetworks is once again scaling back its operations and announced a restructuring of its operations which includes layoffs of 85 employees, according to a company statement from June 22. RealNetworks is a digital entertainment company known for its RealPlayer streaming platform, but is also involved in the mobile and casual gaming markets with its […]