Eric Brown picked this up from CIO magazine. The publication’s recent survey shows serious impact to IT budgets. I’m guessing this was done in the USA. Australian and New Zealand IT budgets are falling, but not by as much. At least so far.
Top three points are:
- More than half of IT heads (53%) now plan to slash budgets in response to unfavorable economic conditions
- 59% of CIOs are implementing IT hiring freezes
- A little over one third (34%) have begun reducing IT headcount