As COVID-19 continues changing norms across industries, the impact is emerging in the IT industry. Many companies are moving their IT services are moving to the cloud as a way of enhancing service provision. Although companies were already shifting their operations from onsite to the cloud pre-Covid-19, the shift has been accelerated by the coronavirus pandemic as well as lockdown and social distancing measures put in place to limit infections. This change is suddenly being felt as many players are now laying off their staff. For instance, IBM, under its new chief executive officer, is cutting off several jobs as a result of these changes. Although the number of staff that will be laid off is still not known, the Wall Street Journal reports that it is likely to be in thousands out of its original number of 352,600 as of the end of 2019.

The coronavirus pandemic has altered the strategies of many companies, including their spending. This change has tipped the scale in favor of remote technologies, that are now being adopted massively as work turns from office to working from home. With the revenues of many businesses now suffering from the virus, many organizations are trying their best to limit costs as much as possible. This has seen most of them opting for remote work solutions, changing shifts, and putting some staff on unpaid leave to reduce the cost of business. With all these, the cloud appears to be seeing an increase in expenditure as the acquisition of cloud-based solutions increases. Cost is always a major driver for many migrations, but most companies poorly understand it in the beginning.

When the world’s economy came to a halt as a result of the COVID-19 outbreak, countries have experienced a dramatic increase in the levels of unemployment. These rates have been driven by the social distancing guidelines, damage to the supply chain, and the lockdown. These guidelines have left many countries and citizens struggling to manage as the rates of unemployment keep spiraling.