Pink Slip Blues

The job market is still tight. But new layoffs are giving bosses more clout

Just six months ago, Relativity Technologies Inc. could barely find employees. The software startup, based in North Carolina's Research Triangle, made half a dozen offers to programmers, only to lose out to a high-flying dot-com lavishing stock options. But now, with so many Internet outfits folding, Relativity Chief Executive Vivek Wadhwa is finding the pickings far better. The company is getting triple the response to its help-wanted ads. "It's night and day," says Wadhwa. "I am getting plenty of good responses, and I don't have to make ridiculous job offers."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.