Printer's decline leads to major layoffs

While technology companies have long been a major source of employment, firms in certain sectors have recently experienced leaner times and conducted lay-offs as a result.

Printer-maker Lexmark made headlines recently when it stated plans to cut its workforce by 1,7000 and discontinue its inkjet printer product. The Associated Press reports that part of the reason for the struggle is due to the growing popularity of tablets and smartphones. Instead of having to print out a piece of paper to view a document, many people are simply logging onto their devices instead. In an interview with the news source, Frederico De Silva, an analyst at Gartner, said that over the past few years, the total number of pages printed by the average user had dropped by 40 percent in the past few years. 

"It's a declining market with far too many players," De Silva told the news outlet.

While some technology sectors are struggling, there are signs that many openings are still available. Data from the U.S. Bureau of Labor Statistics found that there was a net increase of 20,4000 IT jobs in July.

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