The Register® — Biting the hand that feeds IT

UBS says IT spending in Europe, US to drop 2 per cent in 2009

Paul Smith

A digit or two short perhaps? 

Posted Monday 22nd December 2008 22:48 GMT

More like 20-200% drop in IT spending as we migrate from a world wide recession into a world wide economic depression.

Anonymous Coward

Define IT... 

Posted Tuesday 23rd December 2008 00:29 GMT

IT Angle

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.

b

cheer up 

Posted Tuesday 23rd December 2008 10:46 GMT

Happy

might never happen

Anonymous Coward

It's already happening 

Posted Tuesday 23rd December 2008 14:21 GMT

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.