More plan contractor pay cuts

Of the IT managers responding to this week's Computer Weekly/Harvey Nash Big Question, 39% said their company plans to cut the...

Of the IT managers responding to this week's Computer Weekly/Harvey Nash Big Question, 39% said their company plans to cut the amount it pays IT contractors.

Earlier this week, Barclays Bank announced it was going to slash IT contractor rates by 20%, and a number of this week's respondents said their companies are also addressing the issue.

"We have already imposed a 10% cut on contractor rates," said one IT manager.

"We will pay what we have to pay, but we have noticed that rates are going down," said another.

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