4 ms·
UK professional services industry — lay-offs over the last year were light compared to what I think is coming in the next 6 months. Agencies were first to rapid
by nness 3y ago
UK professional services industry — lay-offs over the last year were light compared to what I think is coming in the next 6 months. Agencies were first to rapidly downsize just after COVID, and I suspect the larger professional service firms are a few months away from the same treatment.
I've always worked in the services industry, and starting to see the same patterns before the agency lay-offs begin in the most established firms.
I think any organisation whose either dependant on public sector — or conversely, trying to scale with an operating loss, is in for a shock by year's end.