For the first time in a long time, CFOs can say no to some tech spending
- Tech companies are laying off tens of thousands of employees in anticipation of slower growth and a more cautious enterprise market, but overall tech spending is not forecast to decline in 2023.
- Tech spending will be below the Covid peak, and below the historical average, according to a recent Citi survey of IT executives, but it will still grow modestly year over year.
- Cybersecurity will be the most resilient spending item, though even it will see buyers looking to consolidate vendors as a way to save cost.
- https://www.cnbc.com/2023/01/19/for-the-first-time-in-a-long-time-cfos-can-say-no-to-tech-spending.html
