X-Message-Number: 978
Date: Fri, 10 Jul 92 19:08:42 PDT
From: Bruce White 3807 <>
Subject: CRYONICS

Re: Message #945

I wrote:

The computer industry as a whole is in a slump and as more
aerospace companies continue to cut back, alot of software engineers
will be out of work. Hughes announced a layoff of 9000 people yesterday.
The software consulting arena in California is also very soft.

> Depends where you are, Mr. White, and what you know. We can't find
> enough qualified people here at Lehman, so we make due with what we
> can find. We are always looking, and have been for a while. There is
> such a shortage of Unix talent here on Wall Street that virtually not
> a day goes by that I don't get a call from a headhunter.

I'm sure that there are some janitorial positions available in Fairbanks,
Alaska that have been unfilled for years. Does that mean that the 
unemployment rate among janitors is low nationwide? IMO both Fairbanks and NYC
are geographically undesirable locations and it'd be harder to recruit
in these areas. Krieger thinks that the overall software unemployment
rate is negative. This is simply not true.

> By the way, the bulk of those 9000 people laid off were not, I assume,
> software engineers. I doubt that Hughes ever had that many software
> engineers.

Hughes indicated that many white-collar positions would be affected. 
While manufacturing personnel will certainly be hit hard because certain
R&D programs are not going to go into production, there is no doubt that
many software and hardware engineers will be laid off. 

The entire LA region will probably continue to stay mired in recession
as Hughes, TRW, Lockheed et al continue to downsize in the coming years.
It's a pretty grim situation IMO compared to the bread and butter years
when anyone with a good head on his shoulders could pick up a consulting
contract and be making $100K pretty easily.

I heard that Hughes Aircraft employed more software engineers  (perhaps
10 - 15K prior to its merger with GM) then ALL of the companies in San
Diego combined.
 
> However, what does any of this have to do with cryonics?

Absolutely nothing :) 

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