IT hiring slows as economy sputters
August 25, 2008 by Sam NarisiPosted in: Budgets and spending, Communication, IT employment, In this week's e-newsletter, Latest News & Views
A new survey shows the slow economy is having an effect on IT staffing.
About 72% of businesses plan to cut back on IT hiring, according to a recent InformationWeek survey.
That drop correlates with a decrease in IT department budgets: 39% of companies say their technology budgets have dropped compared to last year, with another 28% saying it’s stayed the same.
Also, 40% said their original budgets planned for 2008 have been lowered in the past few months.
The good news: Though hiring may stay flat, companies don’t seem to be cutting staff. Most say the cutbacks will take place in companies’ budgets for new technology purchases.
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August 25th, 2008 at 11:00 am
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