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I'm from Italy, and here usually things happen few months after US. And, btw, it is much harder to fire due to bureaucratic stuff. Honestly, I don't see anythi
by Luppo 4y ago
I'm from Italy, and here usually things happen few months after US. And, btw, it is much harder to fire due to bureaucratic stuff.
Honestly, I don't see anything changed that much here. I got hired during this downtrend from an US-based company and, although some slightly more pessimistic speeches from CEO, everything seems just fine. Hires have been slowed down, but not really freezed.
As other mentioned, it seems harder for people who just graduated to enter their first job. But actually, the companies that were used to hire young people (e.g. my first company, 'cause they like cheap workforce, or many consultancies since they just always need fresh workers), are continuing to get them. Their trick is just to pay the same salaries as before: inflation-free!
I'd be curious to know how self-employed workers are doing instead. From one side, the risk should be higher for them, on the other side they should be preferred from companies to compensate for hiring freeze while still pushing on projects, right? I'm seriously thinking about making the switch, as this industry downturn has also brought a new sense of awareness in workers, and thus in me too...