Will your IT job survive the meltdown?

By: Tom Kaneshige - InfoWorld (07 Oct 2008) More immediate layoffs may come out of the IT management layer, but experts warn that once firms determine their needs at spike in rank and file job cuts might soon follow... Fearful tech workers tiptoeing along the shaky alleys of Wall Street -- and fretting about losing their jobs -- should take a deep breath. For now, IT budgets appear to be holding their own in 2008 despite the economic downturn, according to a recent worldwide IT budget update survey. Of the more than 100,000 job losses expected as a direct result of the financial crisis, only a tiny slice will likely be from the tech ranks, figures Sean O'Dowd, an analyst at market researcher Financial Insights. As with any market consolidation, finance companies "will look for redundancies and overlap," O'Dowd says. For IT,... [read full story]