Monday, August 24, 2009

A Snapshot of IT Budgets in 2009

This article in CIO discusses how recent research taken by Forrester shows us that companies are reducing their IT budgets by not only laying off staff, but by also cutting back on benefits and employee salaries. The research firm took their information from more than 1,250 SMB IT decision-makers between the months of February to May 2009.

According to the report "IT staff salaries and benefits continue to be the largest part of the IT operating budget. Hiring freezes and layoffs top the list of actions that firms expect to take this year as a result of current economic conditions."

How are IT departments expected to innovate when there are so many cutbacks on resources?

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