IT jobs in a down market
Filed in archive Market Perturbations by Scott Wilson on September 29, 2008
CIO Magazine has an article focusing on the outcomes of the meltdown in the financial sector; it seems certain they are correct that the failure of so many large financial institutions (an IT-heavy industry) will put a lot of technical staff on the streets, skilled and unskilled alike.
The fact that the NASDAQ got hammered particularly hard during today's market plummet may also bode poorly for IT staff; techs from those companies which are hardest hit may also be pounding the streets soon competing for work.
IT hardly becomes irrelevant in hard times; in fact, well-executed IT can be one of the things which best help companies through rough spots. But the problem is that the budget for executing those useful IT projects may be going away, regardless of how useful they might have been. Getting IT done on the cheap might be the next new best skill to have... agile operations and development models may be increasingly relevant, even to the extent of being forced onto organizations which aren't adequately able to predict bugets in the coming months and potentially years of hard times.
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