IT execs afraid of job losses

IT executives are worried they may lose their jobs and feel more stressed at work, but still believe the sector can ride out the storm by keeping an eye on long-term goals, according to a survey by the Chartered Management Institute.

The survey of over a thousand execs showed just nine per cent of IT execs feel secure in their jobs, and 63 per cent find work more stressful, some 41 per cent have lost sleep over economic worries. Some 61 per cent feel the economic woes will hurt their organisation.

IT pros out of work face trouble, as 37 per cent of the surveyed execs said their firms had frozen recruitment. But according to 45 per cent of respondents those in work are more likely to see training to develop their own skills, which is seen as a long-term way to keep the business competitive.