Posted by: Jason Tramer
when relevant content is
added and updated.
I can remember clearly what the IT job market was like before 9/11. It was a glorious time when there were plenty of jobs for everyone. One could even get a job they weren’t quite qualified for since employers were so desperate for people. The market was great and employers had disposable income to burn, and then with one day the whole thing changed. Lay-off’s were common, including my own charming self, and budget’s were tight.
Fast forward to today and we are beginning to see the same thing all over again. Xerox announced today that they are cutting 3000 staff. Anyone with any level of foresight could tell you that HP is eyeing EDS like a fatty roast to trim. This is just the beginning though, there is much more of this to com. From my experience when things get tight at a company this first thing that gets cut is IT.
Hopefully things get sorted out quickly because I for one have no desire to wax nostalgic in the unemployment line.