IT Cost Reduction Strategies: Reducing Costs Without Compromising Growth
IT Cost Reduction Strategies: Reducing Costs Without Compromising Growth With rising economic uncertainty, companies seek cost-cutting strategies to stay profitable. According to the Federal Reserve Bank of Atlanta, the U.S. economy is projected to shrink by -2.4% in Q1 2025—the biggest decline since the pandemic. Job cuts have surged by 4.5x, and businesses are scrambling to cut costs while maintaining efficiency. However, a cost-reduction strategy must be implemented carefully....
5 min read
