IT Spending Cuts Cut Deep
Monday's blog headline (IT Spending Hits a Wall, Injuries Expected) prefigured today's Wall Street Journal article on struggling tech companies, which describes the ongoing sell-off in tech stocks as "one of the most vicious in history."
Eric Lundquist wants you to cut more. I disagree with him on the last point -- allowing workers web access doesn't cost much, and things are grim enough without taking away a little lunch-time fun.
More advice here, including thoughts on where to invest.
And some defiance from a commenter: "[R]ight now is for IT to shine. We are the ones who will streamline and save the company a ton of money," followed by a less-cheery take: "New technology will only create more spending and accomplish very little that should have been accomplished before. Users were being forced into upgrades and newer releases when there was no need for them."