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IT start-ups still hiring

Some information technology start-ups continue to hire despite the economic downturn, according to a Deloitte & Touche survey.

Some information-technology start-ups continue to hire despite the economic downturn, according to Deloitte & Touche's Technology Fast 500 CEO survey, set for release Monday.

In fact, 81 percent of survey respondents said they are continuing to hire, while only 3 percent plan layoffs.

The survey includes responses from 200 CEOs of the Fast 500 IT companies. These companies, on average, grew 6,772 percent from 1997 to 2001.

Of the companies continuing with hiring plans, 49 percent said they intended to hire up to 25 new employees, while 20 percent expected to add up to 49 workers. 8 percent anticipated hiring up to 100 new employees, according to the report.

Despite the economic slump, "These companies are the fastest-growing technology companies, with an average five-year revenue growth rate of 6,772 percent...It makes sense that CEOs would need to hire employees to support that growth," said Mark Evans, a managing director with Deloitte & Touche's Technology, Media & Telecommunications Group.