IT Jobs To Drop In 2009

ruphus13 writes "A new Goldman Sachs IT report recently released states that IT jobs will be dramatically reduced in 2009, starting with contract and offshore developers. From the article: 'Sharp reductions likely in contract staff, professional services and hardware, and almost no investment in cloud computing.' The article goes on to say 'The CIOs indicated that server virtualization and server consolidation are their No. 1 and No. 2 priorities. Following these two are cost-cutting, application integration, and data center consolidation. At the bottom of the list of IT priorities are grid computing, open-source software, content management and cloud computing (called on-demand/utility computing in the survey) — less than 2% of the respondents said cloud computing was a priority.' Postulating a 'pointy haired boss' problem, an analyst goes on to say, '[Grid computing, Open Source and Cloud computing] require a technical understanding to get to their importance. I don't think C-level executives and managers have that understanding.' But they do control the paychecks ..."

Comments

Another empty pundit pontificating

[postbigbang]

Goldman Sachs IT, eh? Yesterday it was Gartner. These are guys with funded track records of largely failure, IMHO. I wouldn't give them much creedence. The industry is ripe and rife with change, be it the blossoming of mobiles/cells to the enormous competitiveness of online commerce platforms, incredible changes in entertainment delivery systems, etc.

There's a small problem in the US economy that will actually be improved no matter who is elected US president, as it always is a honeymoon between investors and the new government every four years. And it's very likely that with a new regime will come a drastic cut in oil prices.... further spurring money back into tech, where we've made the most gains in the past few decades.

Gotta love a doom sayer; it's done so they can by the stock cheaper now, then sell it higher later. This is called capitalism, and the propaganda is called marketing.

Re:Truck driving school here I come!

[cayenne8]

"I'm 46 and have to basically totally switch careers as there are just aren't any jobs in my profession anymore. It's over saturated. I hardly ever see an ad for IT or anything related in my area. As scary as it sounds, changing directions even this far into life may not be a bad idea."

When you say looking for IT jobs in an 'ad', are you meaning the local newspaper? They're not there anymore. Try monster.com, or other places. There are tons of jobs out there in IT across the country. Ok...maybe in your particular city...you might not find lots of opportunities, but, the days of staying put for a job for life are gone, in just about any field. You may have to broaden your search and be willing to relocate.

If you have 46+ years experience...look into contracting!! Good bill rates...and if you play it right, you can work 6-12 months...take off for 3-4 months and enjoy life.

If you don't wanna work indie at first (if you do PLEASE incorporate, look into a "S" corp and the tax benefits of it), look into working for a contract house. YOu are a W2 employee for them, and they send you out to gigs. This is a great way to ease into the thing. Also, if you get lucky...maybe you can get into a DoD gig this way...and get a clearance. You get that...it will definitely help you get future jobs.

Don't give up...there are IT jobs and money to be made at it, but, you may need to change your views on how and where you work.