Financial meltdown may glut IT job market
October 1, 2008 by Sam NarisiPosted in: IT staffing, In this week's e-newsletter, Latest News & Views
Recruiters and IT managers are keeping an eye on how recent meltdowns among big brokerage and banking firms will impact the IT job market.
Most expect there to be a glut of IT workers in the market soon as the big organizations either merge or get shut down by restructuring and acquisition.
For the top execs, the golden parachutes should keep former CIOs in the style to which they’ve become accustomed.
But for lower level IT employees, the going may be a bit tougher.
As firms consolidate or are acquired, it stands to reason that staffs will merge and many will be let go.
That means some excellent IT talent could hit the job market soon — at bargain basement prices.
View all the Latest StoriesTags: economy, employees, IT, job market
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