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Economic Downturn news from FierceCIO

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Debate looms for web sales tax

A sales tax on Internet sales may be coming sooner than you think. With record state budget deficits, a new Congress looking for ways to find money in the economic downturn and greater e-commerce,... Read more...

Can Gen Y IT pros weather the recession?

Are Generation Y professionals equipped to handle the economic downturn and possible layoffs? Some may think they are ill prepared, but workplace and Gen Y experts tell CIO.com that this generation... Read more...

How Microsoft plans to weather the economic storm

Microsoft is projecting lower revenues and earnings for 2009, but has a plan to weather the current economic storm. Microsoft CFO Chris Liddell said on a conference call last week that the software... Read more...

C-level IT execs predict year-long downturn

A sizable majority of C-level technology executives believe the industry is being hit hard by the economic downturn and the effects will not be resolved in the short run, according to a new survey.... Read more...

Number of IT venture deals drops to a 10-year low

Thanks to the current economic crisis, venture capitalists have pulled back sharply on their investments in U.S.-based tech companies. According to a report due this weekend by Dow Jones... Read more...

Workers anxious in uncertain times

The economic downturn has created anxiety across the country and among workers in every industry, including the tech sector. A Workplace Insights survey found that about 81 percent of American... Read more...

How to cut IT and stay competitive

The economic downturn is putting the squeeze on IT departments, but there are ways for CIOs to reduce costs, while at the same time creating efficiencies and making the business more competitive. At... Read more...

It's official: IT jobs shrinking

The U.S. Bureau of Labor Statistics has reported something apparent to many in the IT community: The economic downturn is taking a toll and jobs are being lost. "Employment in the information... Read more...

How CIOs cope with a tough economy

The economic downturn has forced some CIOs to impose a hiring freeze, to delay infrastructure upgrades and discretionary projects. An InformationWeek survey of more than 600 business technology... Read more...