IT jobs will drop in 2009 - Goldman Sachs & Co. Study

IT staff jobs are at increasing risk -- both for contractors and in-house workers -- according to a survey of top CIOs by Goldman Sachs & Co. released last week. Global services companies will also feel the pinch because of the slowing economy.

ComputerWorld article reports that the Goldman Sachs & Co. regards the survey as "an early warning flag" for service providers' 2009 bookings of new projects.

These intended cutbacks are a change from last fall. When the managers were asked in October which area of IT service delivery resources they would cut for application-related development or maintenance work, the answer was 0% for in-house employees.

However, with a declining economy, 8% of respondents in a February survey said in-house IT programming staffers would be cut. In April, 15% of respondents said in-house staffers would be cut. That dropped to 11% in the June survey (the most recent).

But contract employees fare much worse. In the survey, 48% of the respondents said that those staffers would be cut. And 30% of the responders said on-site third-party service provider staffers would also be cut for application-related development or maintenance work. 12% of the managers said they would cut employees from offshore third-party service providers.

Image Source lkitconsulting.com.
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