software industry is in trouble......???

@rajueie (204)
September 15, 2008 2:54am CST
hiii all....... everyday we see in news paper about information technology companies...... for the past 4 years software industry is in boom....but for now all of a sudden the fast growing software industry is declined to a poor situation.... the employers in the software companies so called software enginer are having any work at office....when asked to a software enginner...he sad that there r no projects available in the IT market....... what are the reasons for this.....??? i think the main reason for this is the US RECESSION....
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1 response
• India
16 Sep 08
Yes! that is very true. They are not getting any orders from their US clients because of reduced economic activity in US. The problem is only going to get worse with the latest development like the collapse of investment bankers like Merilynch. Its also said that US might cut short on outsourcing once the new president is elected, one can only hope that the situation will get better with time.