Financial Crisis May Lead to Hiring Freezes, Layoffs in IT, says Gartner

The No. 1 item on Gartner's list of what IT execs have to prepare for was the worst of all, from a manager's standpoint: hiring freezes and possibly even layoffs. It was a somber message for the 6,000 attendees at the conference."The next big thing in IT is not a technology - it is cost reduction, risk management and compliance," said Peter Sondergaard, Gartner's global head of research.