Debts of IT companies and their clients are growing rapidly, programmers are losing their jobs because they are being replaced by AI – reports “Rzeczpospolita” in Wednesday's edition. The previously fragmented industry is doomed to consolidation – assesses “Rz”.
The domestic IT technology sector has reached a turning point. Companies that were previously associated with innovation and expansion have recently begun to lay off specialists and reduce development budgets, the newspaper reported.
Their growing debt is destabilizing the business. “Rz” reported that the IT industry has over PLN 317 million in debts to repay. Its debt increased by almost 20 percent in the course of the year – according to the latest data from the National Debt Register (KRD).
“Currently, 7.3 thousand entities operating in the digital economy have unpaid receivables. This is over 5 percent more than a year ago,” noted the president of the National Debt Register of the Economic Information Bureau, Adam Łącki, quoted by the daily.
Small entrepreneurs running sole proprietorships must return as much as PLN 122 million to their creditors, and companies – even more, i.e. PLN 195 million.
“The IT industry, which for years enjoyed a reputation for financial stability, has been losing its reputation for some time now. The reasons may be various: from a decrease in the number of domestic orders, through rising operating and employee costs, to a longer payment cycle in contracts. This sector is highly fragmented in Poland, so consolidation in it will accelerate. Larger entities will absorb smaller players,” Łącki predicts. (PAP)
gkc/ ktl/
