Business is the practice of economics, and to that point we are now seeing near record setting layoffs as businesses control one of the variables in the mighty Profit and Loss (P&L) Statement. That is to say, they are trimming costs as they can’t, unlike the government, simply increase profits. The part of the math that isn’t often reviewed, greatly due to ignorance, is the exposure cost/risk when laying off Information Technology (IT) resources.
Let’s face it, IT is often seen as a Loss and is a service organization within most companies. We see this in the ideas of outsourcing, downsizing, and the misalignment of ITSLA and COBIT in an effort to justify headcount reductions and sometimes for maintaining headcount. If given my choice, I would cut project management before cutting operations, but I am not a CIO, and so my option on the matter isn’t really relevant.