Companies sack IT staff after network outages

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(Source: Stockfresh)

7 March 2014

A fifth of large companies are sacking IT staff following network outages, according to research.

A survey of mid-to-large companies in the US, Canada and UK found that 82% had experienced some type of network downtime, caused by IT personnel making errors when configuring changes to the core of the network.

The survey found that one-fifth of all network downtime in 2013 was caused by core errors, with 80% of companies questioned losing revenue as a result.

The average financial loss was $140,000 (€100,871) per incident, with the financial sector losing an average of $540,360 (€389,351) per incident.

As a result, one-fifth of firms fired IT staff, with the percentage of sackings higher in the natural resources and utilities and telecoms sector, where a third sacked staff following downtime caused by network change errors.

Avaya commissioned the research among 210 IT heads at companies employing over 250 staff.

 

 

Antony Savvas, Computerworld UK

 

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