1 Was your 2001 IT budget increased, decreased or did it remain the same as your 2000 IT budget?29.3%kept the same IT budgetin 200120.9% decreasedtheir IT budgetin 200149.8%increasedtheir ITbudgetin 2001 2 How are you reducing IT expenses?3 Postponing IT projects 40.1% Tougher vendor negotiations 38.4%Consolidating vendors 35.7%Hiring freeze 26.2%Reducing head count 25.2%4 In your opinion, during a slowing economy, should companies reduce or increase IT spending?5 13.8%reduceIT spending 24.5%increaseIT spending61.7%thought companies should maintainIT spending6 In your opinion, during a slowing economy, should companies reduce IT spending? (percentage answering affirmatively by title)7 CFOs 26% CIOs 15%CEOs 6%COOs 6% Related content BrandPost Leadership superpower: Succeeding sustainably As today's great leaders recognize, true success is not solely measured by the bottom line but also by the impact a business has on its stakeholders, including employees, partners, and the environment. By Marie Kalliney, Practice Leader, Digital Transformation Services, Broadcom Mar 28, 2023 5 mins IT Leadership BrandPost Helping the C-suite leverage their network as a business-boosting asset By Tanya O'Hara Mar 28, 2023 3 mins IT Leadership Opinion 5 hard questions every IT leader must answer Strong leadership is vital to IT success — and shouldn’t be taken for granted. Continual self-reflection is essential for knowing whether it’s time to restructure your approach to leading IT. By Thornton May Mar 28, 2023 5 mins Business IT Alignment IT Leadership Feature CIOs address the impact of hybrid work Assessing how some of the most progressive CIOs strive to provide both technological and emotional support for a dispersed workforce. By Pat Brans Mar 28, 2023 8 mins CIO Remote Work Employee Experience Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe