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Rather than trying to find new employees with the right highly specialized skills, one big company is looking to retrain its IT workforce, so that when the time comes it can nimbly move employees internally to that part of the business.
UBS has already said it will cut about 500 technical staff, or nearly 6percentt of its IT workforce.
In computer and information science and in engineering, U.S. colleges graduate 50percentt more students than are hired into those fields each year; of the computer science graduates not entering the IT workforce, 32percentt say it is because IT jobs are unavailable".
Annual change: Up by a huge 9.1% (£7,104), which Geoff Smith, managing director of IT workforce solutions provider Experis, says is no surprise.
A number of the UK's largest councils have significantly cut their IT workforce in recent years, according to local government figures.
Moreover, temporary workers account for one-sixth of the total IT workforce in the US (OECD, 2002).
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Because of high labour costs in Germany, it told its workforce, it would produce the new model in the Czech Republic.
In 2011, it doubled its workforce by buying Talecris and taking on the workers at its 67 plasma donation centres.
To tighten its belt for the challenges ahead, the firm said it cut its workforce by 12%.
Quite the opposite: it increased its workforce there by 2,000.
On September 10th, Old Mutual, a finance firm, followed suit for the 5% of its workforce it says are infected.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com