A few major tech players have had to lay off a striking amount of people this year.Companies like RIM, HP, and other major players are suffering from the dismal economy, according to Network World.
Ericsson cleaned house in March and axed thousands of employees to aid its productivity.
With the FCC denying the merger between AT&T and T-Mobile, the mobile communication company had to let some of its folks go.
In April, Yahoo slashed its headcount by 14% hoping to save $375 million a year and jump start its growth as it competes against search engine giant, Google.
With the possible cut of over 35% of jobs, RIM hoped the restructure could save its sinking ship.
The recent announcement that Nokia is going to have difficulty competing against the iPhone as cost of parts remain much higher does not provide any uplifting news for the Finnish company.
As Nokia is looking to move its manufacturing plant from Europe to less expensive places in Asia and Mexico, the company's jobs will be cut. Last year, Nokia was also among the top tech companies to layoff workers with 7,500 getting canned.
HP is laying off approximately 8% of its employees.
In a statement CEO Meg Whitman said the cuts were 'absolutely critical for the long-term health of the company.'