A digit or two short perhaps?
More like 20-200% drop in IT spending as we migrate from a world wide recession into a world wide economic depression.
UBS says IT spending in Europe, US to drop 2 per cent in 2009
The analysts at investment bank UBS who case the IT market say the United States and Europe can each expect to see about a 2 per cent decline in IT spending in 2009. This projection may be more indicative of the spending patterns among relatively large enterprises, given the sample that UBS used in doing its forecasting. …
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Define IT...
Does that include spend on power for data centres? Coz if so, spend on headcount must be dropping quite a bit to compensate, I should think.
It's already happening
For those who don't know IT cuts have been happening for a year or more and it's going to ramp up dramatically in '09.
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