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End in sight for IT job cuts

Filed under: Recruitment General — Jonathan on March 20, 2013

IT department job cuts appear to be becoming a thing of the past, with just 10% of IT directors believing that they will need to make cuts this year, according to research carried out by a technology and talent firm.

This means that those working in cyber security jobs or any other vacancies in the sector can feel more secure with regards to their future, as there are fewer IT directors expecting job cuts than there have been for the five years over which the annual survey has been carried out.

The director of the recruitment firm that carried out the research said:

“Confidence about what 2013 holds in store has spread throughout IT departments. Factors that tended to make IT directors cautious last year, such as the possible ‘Grexit’ from the Eurozone, have subsided. Businesses are now hoping to bring years of IT job cuts or headcount freezes to a close and are ready to invest in their IT departments again.

“Expected IT department job cuts had been disappointingly high up until now. The big dip suggests optimism is moving beyond isolated pockets, such as the retail or banking sectors, or where companies were investing in mobile or customer app technologies.”

The survey further discovered that just 25% of directors in IT expect that they will be forced to make cuts in the company budget this year – a drop from last year’s 36%.

Almost half (48%) believe that they will need to increase their departmental budget, compared to last year’s 39%.

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