IT Job Forecast Poor at Best According to Janco


Janco disagrees with those who say the recession is over
Janco has just conducted a series of interviews of CFOs and CTOs in large and mid-sized enterprises. Janco finds that the job forecast for IT professionals remains poor for the short and medium term. Janco finds that most large enterprises are continue to consolidate and cut costs. Especially impacted are firms based on the West Coast. The CEO of Janco, Victor Janulaitis said, “Many firms are continuing to reduce the size of their IT staffs as smaller layoffs continue. Few enterprises are hiring where there is an increase in head counts.” He added, “Looking ahead to the next budgeting cycle, many of enterprises interviewed do not see any new hiring until 2nd and 3rd quarters of 2012 as they expect a dip in the economy in the 3rd and 4th quarter of 2011.”
This is in contrast with a recent ADP report which says that layoffs are down, hiring is up and cautious optimism is the rule of the day when it comes to employment figures. Payroll numbers show the most job growth in April came from the services sector and from medium to large businesses.
The news from ADP is that 32,000 new jobs were created in April, predominantly in the services sector and mostly by medium to large businesses. Small businesses were only responsible for 1,000 of the 32,000 total jobs added.
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