Why does that sound not so bad and really bad at the same time? If you were growing and adding IT positions that’d be a good thing. But that’s not what’s happening.
Companies hiring for a sole IT position (Call it what you will, but it’s typically IT Administrator, IT Specialist, IT Systems/Network Administrator, IT Manager, etc) are going to have the same problems over and over again. This is a major problem on multiple fronts and you need to have a solution for this, or the pain of bad IT is going to make you suffer.