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In a bid to pump up the bottom line, AMD also announced on Monday that it will tighten its operating costs by cutting discretionary spending by $500 million and limiting hiring.
Though companies are cutting back and limiting hiring for the near future, Silver says that there are still certain jobs within the tech sector that are in demand.
When the economic crisis struck in late 2008, colleges and universities around the country imposed faculty-hiring freezes, limiting hiring to only the most critical positions and in many cases canceling or postponing searches that already had been authorized.
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But job growth has been slow because there has been only limited hiring.
We've limited hiring to try and reduce the number of people affected.
Rather than investing in workers to cultivate the skills that companies need, many employers now think erroneously, Cappelli persuasively argues that it is cheaper to limit hiring to people who can do a job from day one.
The tepid fall in jobless claims signals companies may also be looking to limit hiring, raising the expectation that employment data due Friday will show that payroll gains moderated in May.
Mayor Michael R. Bloomberg has promoted himself as a model of fiscal restraint, issuing dire warnings about the slowing economy, recently asking agencies to limit hiring, and even listing "fiscal responsibility" as an interest on his MySpace page.
Employers are still cautious and weak demand will continue to limit new hiring.
The downturn prompted Intel last week to delay raises for employees and limit new hiring.
When voters approved the plan to elect the mayor, they were told by Mr Wilder as it happens that the mayor's powers would be limited to hiring and firing the city manager (who is responsible for day-to-day operations).
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