"Businesses are looking at all their costs now," Pedderson said. "There are higher energy costs, higher health care costs, so they're beginning to cut back. They may cut back on new technology... until things clear up" and fuel prices begin to decline.

Also affecting future IT job cuts are recent corporate mergers and acquisitions, particularly in telecommunications, he said. "Tech is so volatile anyway," he said. "Plus, with the mergers, we can see a boost in job cuts, even though things may be going gangbusters."

Even if the overall technology market is going well, Pedderson envisioned "a boost in job cuts in the next quarter or two" because of the effects of recent mergers and acquisitions.

In the first half of the year, mergers and acquisition activity was the leading reason for technology sector job loss, according to the study, resulting in 24,801 cuts, or 36 percent of all tech-sector job losses through June.

In comparison, the tech sector job market has become significantly more stable since 2001 and 2002, when job cuts averaged more than 100,000 per quarter, according to the study. Tech-sector hiring announcements soared 184 percent to 14,090 in the second quarter, from just 4,944 in the first three months of the year. Second-quarter hiring was led by computer companies announcing plans to add 11,770 workers