6 out of 10 CIOs "reevaluating" tech budgets
If you planned to have your startup switch gears to sell to big business instead of strapped consumers, hold that thought. Chief information officers, the tech executives who serve as gatekeepers to most tech spending at large corporations, are rapidly turning bearish. The CIO Executive Board reports that 61 percent of its members are "reevaluating" 2009 budgets. A similar percentage are pausing nonessential projects, and a quarter have put a hiring freeze on.