There is still a lot of recruiting happening in the IT industry, but companies are cutting fees and overall costs.

"Our recruitment turnover during January is already up on last January – but our customers are pushing for us to cut our commissions," says Karen Geldenhuys, MD of IT recruitment company, Abacus Recruitment
"But the IT industry is very resilient and companies are always looking for skilled personnel – despite the serious downturn in the economy.
"What we have noticed, however, is that a lot of people worked late into December – and we were still placing candidates after 19 December."