Firms stop tech hiring as budgets drop
August 21, 2008 by Sam NarisiPosted in: IT staffing, 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.
View all the Latest StoriesTags: budgets, hiring, IT staffing
