recession News

  • IT outsourcing providers could profit from double dip recession

    Posted November 9, 2011 - 11:42 am

    IT and business process outsourcing activity declined in the third quarter of 2011, but if the economy weakens, analysts expect more outsourcing--particularly offshore--in the coming months.
  • Recession hit older tech workers harder, labor data shows

    Posted January 27, 2011 - 3:53 pm

    Unemployment rates for older IT workers increased during the recession faster than they did for younger employees, according to new U.S. government labor data obtained by Computerworld. But that's something that Maribeth McIntyre, an IT professional with some 30 years of experience, already suspected.
  • Offshoring blamed in part for IT's jobless recovery

    Posted December 6, 2010 - 9:33 am

    Data center workers were a big part of the unexpectedly weak U.S. labor report released Friday as TechServe Alliance said only 600 new IT jobs were created in November.
  • Why U.S. IT jobs aren't coming back

    Posted November 18, 2010 - 6:21 pm

    As the economy recovers, the jobs are going to India and other cheap-labor nations
  • 5 reasons Silicon Valley might stumble coming out of recession

    Posted February 12, 2010 - 10:29 pm

    Cisco CEO John Chambers' optimism on tech's rebound from the lagging economy was tempered this week by the findings of a group of Silicon Valley nonprofits.
  • Has the recession affected your archive and disaster recovery plans?

    Posted June 20, 2009 - 5:40 pm

    IDC's Worldwide Quarterly Storage tracker says that the storage software market is down for the first time in five years. the market was worth $2.8 billion, according to the study, which is 5.2 percent less than the year-ago quarter.
  • Interop soldiers on in face of bad economy, swine flu

    Posted May 4, 2009 - 2:46 pm

    Interop Las Vegas faces challenges because of restricted IT budgets nationwide, the poor economy and the unpredictable impact of a swine flu epidemic, but the show is forging ahead with new programs including a segment dedicated to cloud computing.
  • Gartner: IT spending drop-off worse than after bust

    Posted March 31, 2009 - 2:23 pm

    Global IT spending is expected to decline nearly 4% in 2009 over the previous year as industry watchers confirm the current recession will see more losses than the dot-com bust in 2001, Gartner reports.
  • In poor economy, IT pros could turn to e-crime

    Posted March 24, 2009 - 11:36 am

    Enterprises increasingly feel that their own employees will be more willing steal data or sell insider knowledge due to the poor economy.
  • PC shipments to recover in 2010, IDC says

    Posted March 5, 2009 - 9:10 pm

    IDC updated its PC shipment forecast on Thursday, saying it would worsen in 2009 before showing a gradual recovery in 2010.
  • Semiconductor revenue in massive slowdown, Gartner says

    Posted February 25, 2009 - 6:03 pm

    Affected by the worsening recession, it may take up to five years for the semiconductor market to return to revenue levels of the previous years, Gartner said in a survey.
  • Conficker spawn, recession smackdown

    Posted February 21, 2009 - 11:23 am

    A new version of Conficker has turned up and could portend even more malevolent uses of that already-nasty malware. Hewlett-Packard, Apple and Sprint Nextel, through either rough earnings reports or market surveys, joined the ranks of big-name tech companies that have been slammed by the recession. And if you use facial recognition to securely log on to your laptop, you may want to reconsider.
  • Stimulus passes, what's in it for me?

    Posted February 17, 2009 - 11:24 am

    I must have missed the memo. Somehow, every single journalist and blogger in America has agreed to incorporate the phrase "the worst economic crisis since the Great Depression" into every article about the economy. Technically speaking, it's the worst economic crisis since 1983, but then again, it's not over yet.
  • Forrester forecasts decline in global IT spending

    Posted January 13, 2009 - 5:16 pm

    Global spending on IT products and services will drop by 3 percent in 2009 to US$1.66 trillion when measured in U.S. dollars, but subsequently rebound by 9 percent in 2010, according to a Forrester Research study released Tuesday.
  • The struggle is on in 2009

    Posted January 5, 2009 - 12:52 pm

    ZDNet blogger Brian Sommer wrote today that service firms are in for a struggle in 2009, and I think his crystal ball has the right dope. In fact, it doesn't take a crystal ball to know that almost everybody is in for a hard time this year.

  • Financial reports confirm fears for IT

    Posted October 30, 2008 - 9:34 pm

    Financial reports are confirming market watchers' fears that the U.S. is heading into recession, dragging the global tech industry down with it.
  • Contrarian outlook for channel members

    Posted September 26, 2008 - 10:44 am

    The economic devastation continues to create a lot of speculation as to what is going to happen to the IT industry and to the greater sales channel of VARs and other partners. At first, we didn't think we'd be hurt. After all, everybody still needs hardware and software, right?
  • Channel business during recession

    Posted August 19, 2008 - 5:04 pm

    There are certain things that are hard to sell during a recession. RVs, for example. The Midwest RV show was in town, and not surprisingly, nobody's buying the house-on-wheels these days. Okay, I hear you, we're not in a recession. Only a "mental recession", right? Things are better than they've ever been? You work for Exxon?
  • IT worker confidence hits all-time low

    Posted July 23, 2008 - 4:17 pm

    Now more than ever American IT workers fear the weakening U.S. economy will impact their ability to find and keep jobs in high-tech, according to research released Wednesday.
  • VARs and ISVs not affected by recession

    Posted July 17, 2008 - 10:30 am

    Recession? What recession? The government says we're not really in one, and former congressman Phil Gramm says it's only a "mental recession" and we're all just a bunch of whiners. But from where I'm sitting here in the heart of the Industrial Midwest, it sure seems real enough.
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