Salary Report: IT In Choppy Economic Seas And Roaring Winds Of Change
InformationWeek, Wednesday, July 31st, 2024
Last year brought a sustained adrenaline rush for IT. Everything changed. Some of it with a whimper and some of it with a bang. Through it all IT pros held steady, but is it enough to sail safely through the end of 2024?
The 2024 InformationWeek US IT Salary Report reveals how IT leaders fared last year in the face of strong economic contradictions. The US economy boomed and companies across industries saw record profits. Consumer spending remained high as did interest rates and inflation. Generative AI blasted onto the scene and adoption rates soared. And yet the news of massive layoffs thundered across the land, most notably in tech companies. Every pearl of wisdom regarding the effects of specific economic and employment cycles lost its sheen, and ultimately its value.