Future of the technology companies in the global economic downturn

When the heat of economic downturn is being faced not only in any specific country or region in the world but in fact when the credit crunch and the challenges associated with the credit crunch are being faced not only by the companies and corporations out there but in fact by leading governments and economies of the whole world as well, it is truly evident that the cost cutting measure that will be adopted by the whole marketplace will result in the form of reduced business and earnings for the technology companies and the service provider companies in the technological world.