Be Happy
Tech firms slash jobs amid shifts
Changes in markets drive prices down, fuel unpredictability
By Robert Weisman, Globe Staff | July 20, 2005
Even in a growing economy with a recovering technology sector, high-tech companies from Hewlett-Packard Development Co. to Teradyne Inc. continue to pare their payrolls in response to falling technology prices and a more unforgiving attitude on Wall Street.
HP yesterday said it will lop off 14,500 jobs, about 10 percent of its worldwide workforce, including an unspecified number of employees in Massachusetts. Teradyne last week said it will eliminate 400 jobs,