recession - News, Features, and Slideshows

News

• Aust recession possible, says economist

  An economist believes Australia may face a recession in 2014 unless interest rates and the dollar both fall sharply.

• Top 10 Ways CIOs Can Prepare for Recession No. 2

  Recessionary talk is in the air once again, thanks to the good folks at Gartner. In a July report, Gartner urges CIOs to prepare for a second economic downturn-if one should ever occur.

• Recession not all bad for enterprise software users

  The global recession took a major toll on enterprise software vendors and their customers in 2009, leading to flagging license sales and tight IT budgets. But the economy also prompted a series of policy changes and concessions from vendors that could make users' lives easier in the long run, especially if they become broader trends.

• Intel's Otellini says it's time to take the lid off IT budgets

  Intel President and CEO Paul Otellini said the economy has already hit rock bottom and now that it's emerging from the recessionary mire, companies are about to take the lid off of IT budgets.

• Recession's effects to linger on electronics industry

  Some sectors in the electronics industry are showing signs of recovery, but the damage caused by the recession may be felt for a few years, Gartner said in a study released on Monday.

• PC shipments showing signs of recovery, Gartner says

  The PC market is showing signs of recovery, with the freefall of PC shipments skidding to a halt thanks to competitive PC prices and a continued interest in netbooks, Gartner said on Thursday

• Cisco's Chambers sees hope after recession

  The current recession is almost the opposite of the 2001 downturn for Cisco Systems because of permanent cost-cutting and the company's move into new technologies and markets, Chairman and CEO John Chambers said Monday.

• Canadian CIO group teams up with European peers

  Canadian CIOs aren't seeing nearly the budget reductions or shifts towards outsourcing as their colleagues across the pond, based on preliminary data from a joint study by the CIO Association of Canada and EuroCIO.

• Recession helps send more CEOs to the exits

  Nearly 1500 CEOs left their jobs last year, including 221 in the technology and telecommunications sector, according to US recruitment firm.

• Gartner cancels 'flagship' spring tech conferences

  In another bad sign of health for the IT industry, Gartner is canceling two of its biggest technology conferences due to the economic downturn.

• Report Claims Google Layoffs: 10,000 Jobs Being Cut

  Google may be preparing to lay off thousands of workers, if a Silicon Valley information service is to be believed. WebGuild cites anonymous inside sources as saying up to 10,000 Google jobs could be on the way out, with smaller scale layoffs already underway.