CIOs ready to axe IT jobs in response to economy

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CIOs ready to axe IT jobs in response to economy

Antony Savvas

IT jobs are increasingly in danger, say CIOs questioned in a survey of the industry by Goldman Sachs.

Both staff and contract jobs are at risk from the downturn in the economy, said the 100 CIOs questioned.

The CIOs, mainly employed by multinational companies, were questioned about their IT staffing plans for 2009.

Goldman Sachs said demand for discretionary IT projects had dropped to its lowest point ever in the history of 40 studies previously taken.

Goldman Sachs said CIOs were more likely to slash IT contract staff first in response to their concerns.

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