Gartner: Financial meltdown may mean hiring freezes
Over 6,000 people attended the Gartner's Symposium/ITxpo 2008 conference Monday. Discussion on the on the economy included advice "to prepare for was the worst,from a manager's standpoint: hiring freezes and possibly even layoffs." Late last month Gartner, which said in a report that it didn't expect a recession in tech spending, but now is predicting "that overall spending will grow 3 percent year over year during the current quarter and then increase 2.3 percent next year — a reduction from its previous projections. And the consulting firm isn't ruling out IT budget cuts as deep as 20 percent at some businesses." Gartner analyst Whit Andrews said. "This is no downturn; this is a crisis,"
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