In its second-largest acquisition, Amazon buys the company for $970 million.
Average salaries for technology professionals in retail/e-commerce took a 10% dive in 2004 to $55,600 from $61,500, reports the 2004 Annual Salary Survey from Dice Inc., a job board for technology, engineering and security-cleared professionals.
Average salaries for technology professionals in the retail/e-commerce/mail order sector took a dive in 2004 to $55,600 from $61,500, a 10% decrease, reports the 2004 Annual Salary Survey from Dice Inc., a job board for technology, engineering and security-cleared professionals. 2003 had shown some recovery in retail from recession-era average salary with salaries rising to $61,500 from $59,300 the year before, nearly back to the 2001 level of $61,600.
Retail/e-commerce average salaries in 2004 were 18% lower than the U.S. average of $67,800. The gap last year was 12% when the U.S. average was $69,600. The U.S. average tech salary was down 2.9% in 2004 from 2003. Dice says the decline was the steepest since before 2001.
Highest average tech salary in 2004 went to professionals in banking/finance/insurance who earned $77,700.
Dice reported an increase in salaries in non-traditional technology cities, such as Washington D.C., Atlanta and the Southern California area.
Dice surveyed more than 23,000 technology professionals.
"Salaries are still feeling the impact of the tech slowdown of 2002 and 2003," said Scot Melland, president and CEO of Dice Inc. "Now that demand is picking up, we anticipate seeing salaries rise as the labor markets tighten.”
At 13%, retail was also one of the sectors with the biggest gap between men’s and women’s salaries, Dice reported. The only larger gaps among nine industries were 15% in medical and 17% in finance.