One of the biggest challenges of staying within a budget is not even knowing what you're allowed to spend. That's exactly the situation most IT managers find themselves in, suggests a new white paper by Digital Fuel.
The study the white paper is based off of pinged over 130 IT managers who were directly involved with the related costs and budgets of more than $10 million. And while 84 percent of the respondents classified detailed insight in IT costs as critical, more than half of those polled complained that their level of IT cost visibility isn't where it should be.
This type of environment presents a frustrating challenge in figuring out how to manage IT costs, as evidenced by the respondents indicating that coming up with a cost-model and breaking down the IT costs ranked as the most difficult. IT managers who took part in the study also noted a strong desire to better assess cost inefficiencies in their IT departments.
He once again reminded them that it has been a very challenging year for the company. After enumerating few of the things Yahoo is doing to survive in the “turbulent global advertising climate”, he came straight to job cuts.
Yang told all Yahoos that the company has no other choice but to slash jobs – in order to cut costs, as “compensation expenses are the single largest part of its costs.” He then apprised them of the heart-wrenching fact that 10% of them are going to loose their jobs by year-end.