770,000 IT jobs lost in Europe in 15 years

Offshoring, technology advancements and low growth have contributed to a massive reduction in IT jobs in Europe, with almost half the number of IT roles in the largest companies expected to exist in 2017 compared to 2002. According to research from The Hackett Group, in 2002 there were 1.6 million corporate IT jobs in the 3,000 listed European companies with over $1bn revenue, but this is expected to fall by 770,000 in the 15-year period.

The rate of decline could actually be a modest estimate as further economic stagnation will make the figure higher, according to the Hackett report.

This year alone Hackett predicts 83,000 IT jobs to go in the largest corporates.


Leave a Comment