recession

Top 25 recession proof jobs – is yours on the list?

Chip Wenz — Thu, 17 Jul 2008 15:43:32 -0400

Every day you hear more and more about the slumping US economy. A report from the US Department of Labor states that for the first 6 months of 2008 the US job market has shed 438,000 jobs. What if any jobs are safe from this decline? Well the good news is if you are in the IT industry, your job is still a vital part of the economy. According to the Jobfox Top 20 Most Recession-Proof Professions, Developers, Systems Administrators, Software Implementation Specialists, Database Administrators and Technology Executives are 5 of the top 25 positions to hold during these tough times.

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Cisco won't cut product prices despite challenging business outlook

Cisco Subnet — Thu, 03 Apr 2008 19:20:32 -0400

The looming recession isn't going to move Cisco to cut the price of its networking gear, according to a report by Reuters. The news agency quotes Robert Lloyd, Cisco's senior vice president of the United States, Canada and Japan, as saying: "We do not expect to see any changes in terms of pricing." Cisco is often criticized for the high-price tag of its equipment compared to comparable products from its competitors.

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Why an economic recession could leave companies wide open to cyber attacks

jheary — Fri, 07 Mar 2008 22:41:06 -0500

It seems that everyone and their brother are now saying that the U.S. is in the midst of a recession. The market analysts are predicting that the U.S. GDP will actually go negative this year. It must be official now that even the White House has acknowledged it. This got me to thinking about the effect a recession might have on my industry (IT security). My first thought was that if the profits of companies start dwindling then their IT budgets will predictably follow suit. If IT budgets dwindle then my experience tells me that the security budgets will take an even larger percentage hit than IT overall. When fighting for IT dollars in many cases security gets lost, put on hold, and brushed under the carpet.

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Cisco Chambers not worried by impending recession

Cisco Subnet — Tue, 08 Jan 2008 18:00:17 -0500

Cisco CEO John Chambers is bullish about future sales despite its first-quarter sales being affected by the mortgage crisis that's troubling its financial services customers. Speaking to reporters at the Consumer Electronics Show, Chambers said 12% to 17% growth was forseeable for the future. Chambers responded to questions over whether he would change Cisco's business plans even if the U.S. economy is hit by a recession, reports Reuters.

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