Economy freezing IT budgets, survey shows

Submitted by NY2TX on Wed, 10/08/2008 - 1:04pm.
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Scarey? Or Scarier?

Economy freezing IT budgets, survey shows

Despite earlier plans to boost budgets in 2009, the recent economic crisis has many IT leaders tightening their belts and preparing for sparse spending in the coming months. (See a slideshow of what the economic rescue package could buy.)

Doesn't surprise me. I
Submitted by softwarejanitor on Wed, 10/08/2008 - 1:22pm.

Doesn't surprise me. I think that most companies are cutting IT spending, canceling or putting projects on hold and eliminating hiring or planning layoffs for yet this year or 2009. As much as I hate it, I can't say it probably isn't the prudent financial decision in many cases.