Submission + - IT job cuts expected
KernelMuncher writes: Almost half of large companies expected to cut IT spending
Many large companies, especially those in the financial services, utilities and telecommunications industries, have cut their technology budgets this year because of the economic slowdown.
In a report released Tuesday, Forrester Research found that 43% of large U.S. and European businesses it surveyed have cut their overall spending on technology products and services in 2008. Some companies, meanwhile, have put discretionary spending on hold and others are planning to negotiate lower rates for information-technology services.
http://www.usatoday.com/money/industries/technology/2008-09-09-it-spending_N.htm
Many large companies, especially those in the financial services, utilities and telecommunications industries, have cut their technology budgets this year because of the economic slowdown.
In a report released Tuesday, Forrester Research found that 43% of large U.S. and European businesses it surveyed have cut their overall spending on technology products and services in 2008. Some companies, meanwhile, have put discretionary spending on hold and others are planning to negotiate lower rates for information-technology services.
http://www.usatoday.com/money/industries/technology/2008-09-09-it-spending_N.htm
