There’s a lot of bad news coming out of the IT industry, especially large service providers and suppliers, but overall things aren’t as bad as it sounds. This episode of On-Premise IT features Andy Banta, Nico Stein, and Geoff Burke, who will be attending Tech Field Day this week, discussing the state of the industry with Stephen Foskett. Many tech companies, especially hyperscalers and online services, over-hired, and over-purchased, during the pandemic and have handled the resulting pull-back and layoffs particularly poorly. But supply chain constraints are normalizing and companies outside Silicon Valley are purchasing and hiring again, and this can help offset these losses. Leading-edge startups and new technologies continue to see investment and uptake, and these are the companies that will lead the industry out of this tech recession.
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