I had the same situation in reverse. I had a loop set up with a tech startup, and ultimately I decided that due to their market segment potentially being impac

I had the same situation in reverse. I had a loop set up with a tech startup, and ultimately I decided that due to their market segment potentially being impacted by the recession that it didn't make sense to keep interviewing. I was likely to be much more secure at my much larger company in the economy sours. So I canceled an interview loop that was going really well. There's more to it than just economy, but it was one factor. Ultimately no hard feelings. They understood.