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No, it's not just you. Hiring is down across the board; and it is indeed due to poor economic headwinds. Many finance heads are starting to think that all our
by exelius 10y ago
No, it's not just you.
Hiring is down across the board; and it is indeed due to poor economic headwinds. Many finance heads are starting to think that all our bailouts in 2007/2008 did were create an asset bubble down the road in equities by providing access to cheap capital, encouraging borrowing for risky investments that are just now starting to sour.
Add to this the slowdown in China, Brexit, Donald Trump, and a volatile oil market and there's just too much uncertainty for companies to staff up right now. Some firms are even quietly issuing preemptive layoffs under the assumption that 2017 is going to be a very bad year a la 2007.
That said, there's still plenty of work for tech workers (someone has to implement those cost savings projects, amirite?). But look for middle managers, marketing folks and sales people to have a bad time as companies look to trim payrolls.