For the first time in a long time, CFOs can say no to some tech spending

• Tech companies are laying off tens of thousands of employees in anticipation of slower growth and a more cautious enterprise market, but overall tech spending is not forecast to decline in 2023.
• Tech spending will be below the Covid peak, and below the historical average, according to a recent Citi survey of IT executives, but it will still grow modestly year over year.
• Cybersecurity will be the most resilient spending item, though even it will see buyers looking to consolidate vendors as a way to save cost.
• https://www.cnbc.com/2023/01/19/for-the-first-time-in-a-long-time-cfos-can-say-no-to-tech-spending.html
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