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Dell cuts jobs amid growing economic uncertainties

CIO Business Intelligence

As of February 2, 2024, the employee count stood at approximately 120,000, declining from the 133,000 recorded in February 2023. This workforce adjustment is part of a wider wave of layoffs within the technology sector. This sector is expected to see an annual growth rate exceeding 20 percent from 2023 to 2026. “We

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Managed services projections increase through 2023

CIO Business Intelligence

In this report, the news about technology investments was surprisingly upbeat. Despite national news about increased costs, economic uncertainty, and more reports of technology firm layoffs, respondents indicated that they were planning to spend more IT budget in 2023, not less. To learn more, visit us here.

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Huawei’s Vision for Intelligent Networking Unveiled at GITEX Global 2023

CIO Business Intelligence

GITEX Global 2023 witnessed Huawei’s impactful presence, as the tech giant delved into the future of intelligent networking. At GITEX Global 2023, Huawei also explored opportunities in the IP business, focusing on collaboration and growth.

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The 4 most overhyped technologies in IT

CIO Business Intelligence

They may publicly preach “No technology for technology’s sake,” but they still frequently share their fascination with the latest tech gadgets. It’s then that the hopes for the technology get way ahead of what it can actually deliver today. They’re not the only ones enthralled by tech. Here’s what they say on the topic.

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Accenture to lay off 19,000 to cut costs amid economic uncertainty

CIO Business Intelligence

While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023, we initiated actions to streamline our operations and transform our non-billable corporate functions to reduce costs,” the company said in an Securities & Exchange Commission (SEC) filing on Thursday. billion to $16.7

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What your CFO really needs in periods of economic uncertainty

CIO Business Intelligence

The pressure is on to navigate economic uncertainty. Gartner’s downward revision of projected worldwide IT spending in 2023 from 5.1% To get here, we recommend inventorying spend across all categories (labor, projects, technology, etc.) to identify areas that could be paused or removed and estimating financial impact.

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Global managed services to grow in 2024 as enterprise IT spending rises

CIO Business Intelligence

Although a significant portion of the IT spending will be AI-centric, cloud technology will continue to drive the IT market,” IDC said in a statement. According to IDC, more than 1800 managed services deals were signed in 2023 worth $100 billion in total contract value or TCV. billion, IDC said.