Jobs Axed In UK and US Due To Covid 19 Costs

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SAN FRANCISCO/LONDON: More than a third of businesses in France, Germany, the UK, and the US have laid off or furloughed IT staff due to coronavirus cost concerns, according to a survey by British private equity outfit Leonne International.

The company surveyed 116 senior business decision makers in Europe and the US and found that 37 percent had axed IT staff since the pandemic emerged earlier this year.

Nearly 50 percent of those surveyed have also frozen IT budgets for the foreseeable future, due to COVID-19 revenue worries.

Leonne International also found that more than 40 percent admitted their systems for dealing with work from home staff were not compliant with the General Data Protection Act. 

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