01 Oct IT jobs may get left behind in recovery
Once IT spending begins again, companies in need of tech workers will likely turn first to consultants and outsourcing companies before they take on full-time staff. Whether this decision contributes to what’s often called a “jobless recovery” will depend on where the work is going — onshore or offshore.
This view is gleaned from surveys and analysts trying to understand what’s next for the tech job market. In the hunt for clues about the future, some of the best evidence about what’s head may be with companies that are already doing well. Take Cognizant Technology Solutions Corp., for instance.
It’s been a miserable year for many IT companies, but Cognizant, in its most recent quarter, reported a revenue gain of 13% to $776.6 million, boon growth for most companies. One reason for this can be explained by one of its customers, Emmaus, Penn.-based Rodale Inc., publisher of Prevention, Men’s Health, and Women’s Health magazines.
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