IT users slash technology spend, says Deloitte
Suppliers will feel the pinch as organisations shed IT staff and contractors
Nearly 75 per cent of large corporations and government departments are
cutting their IT costs, a Deloitte survey has found.
The report, which questioned 60 major users of IT in the private and public
sectors, also found that IT directors are rarely involved in setting cost
Companies seem willing to take big risks in order to save money, the survey
found. Two-thirds of respondents said they were willing to delay projects and
prolong the replacement of out-of-date IT infrastructure.
Deloitte partner Neville Howard said such behaviour would lead to enormous
pent-up demand for new investment when business conditions improve.
Read the full report: